Subprime is back! Well actually, it never really disappeared from the market. Instead, many subprime lenders also exercised more caution in approving this loans to borrowers. Subprime loans are still available to this day. Better days have come since the subprime housing crisis, But have we learned from our mistakes in the past? What Pulled […]
What Are the Pros and Cons of Subprime Mortgages?
Many lenders shy away from the idea of subprime loans. And they have a reason to. Subprime mortgages are the root of the 2008 financial crisis that many people today are still recovering from. But are subprime loans really all evil? Subprime Basics In a nutshell, subprime loans are loans granted to borrowers with credit […]
The Great Subprime Quiz
~ Take this quiz and find out if subprime is the perfect loan for you! Conventional loans are the shiny trophies you get when you maintain a stellar credit record. That is in the perfect world, but not everyone has a score of 680 or higher. And for those who fall below that mark, getting […]
Make Qualifying for Subprimes Easier
Just recently, the subprime market took the heat when forecasts came out that the subprime auto lending industry would drive us into the next global financial crash. Equifax extinguished the fire after with their research showing that this market has remained very stable. While the ghosts of the last decade’s subprime crisis aren’t gone completely, […]
Will there be a Global Financial Crisis in 2017?
If you hadn’t realized, 2017 ends with a 7. And whether you believe in superstitions or it’s just plain coincidence, most crises in the past began in years ending with the number 7. Some of the biggest financial crises our country and the whole world has faced happened in 1987, 1997 and 2007. If that […]
Four Tips to Simplify Your Search for a Subprime Lender
The right lender can make a difference between securing a great deal on a loan and not. This is especially true if you have a credit score below 650 due to unpaid debts or a poor credit history. A huge chunk of people applying for loans today fall under the subprime category. That said, it […]