Mortgage Bad Credit

In the aftermath of the subprime lending crisis, it seems logical that high-risk loans would be scorned by the financial community. An increase in payday lending, however, proves that this is not the case. It’s also an indication that the check cashing business is here to stay. The financial services industry is known for having [...]

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A perfect indicator of the state of the U.S. economy is the escalating number of bankruptcy filings. Many people overwhelmed with consumer debt and maxed-out credit cards are filing for bankruptcy at alarming rate. Experts believe the trend is only going to get worse. Bankruptcy. For many, it’s an unthinkable fate, one that’s impossible in [...]

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With foreclosures and credit delinquencies mounting, more and more people are suffering damaged credit. Even if they manage to avert losing their home, the mere fact of an initial foreclosure filing or missing mortgage payments can do serious damage to one’s credit rating, making it difficult or impossible for one to get the financing needed [...]

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If you give up your current home, how soon can you buy another one? With millions U.S. homeowners in trouble on their mortgages or even facing foreclosure, it’s a question that many are pondering. It’s a particularly relevant question for homeowners who may be considering a “voluntary foreclosure;” that is, to simply stop paying the [...]

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If you’re looking to buy or refinance a home but are having trouble qualifying for the mortgage, you might consider getting a cosigner to help. A cosigner is someone who puts their name on the mortgage to guarantee the debt will be paid if the primary borrower defaults. Though more commonly used for lesser debts [...]

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Qualifying for a mortgage loan or refinance with bad credit is a lot harder than it used to be. Given that widespread defaults on subprime mortgages triggered the financial meltdown of 2008, lenders have become much more cautious about who they’ll extend credit to. That doesn’t mean it’s impossible to get a home loan with [...]

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A land contract can be an appealing option for a potential homebuyer who might have difficulty qualifying for a mortgage loan. But there are potential risks to be wary of as well. Land contracts were a popular way of buying a home back in the 1970s and 1980s, but fell out of favor in recent [...]

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