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 […]
Step-by-Step Guide to Applying for a Subprime Home Loan
If you have to apply for a subprime home loan do not think that you are a “bad risk” or that you are doomed to pay crazy high-interest rates. After the housing crisis and economy downfall, many people have found themselves in need of alternative financing options. Not as many people qualify for the conforming […]
What does the Comeback of Subprime Lending Mean?
The comeback of subprime lending might have you worried. Isn’t that what started the problem in the first place? Are we going to head towards another housing crisis in the near future? It is easy to think this way, but it is safe to say that lenders and investors are much smarter about the non-conventional […]
What is the Required Down Payment for Subprime Loans?
The biggest question whenever someone wants to purchase a home usually has something to do with the down payment. Right after the housing crisis it seemed like every program required 20 percent down, which we all know is highly unlikely for many people. Today, however, the tides have turned as there are many programs available, […]
The New Way to Look at Subprime Mortgages
Subprime mortgages seem to have gone by the wayside with the downfall the industry took, but if you look closely today, they are still available, they just have an entirely new look. Will you hear the word “subprime” being thrown around by banks? You probably won’t. But, what you will hear is the word “non-qualified […]