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Subprime loans
Have less than perfect credit? If you have bad credit, you may not qualify for a conventional loan or low down payment loans offered by FHA and VA. In this case, you may consider a subprime mortgage. Because of the higher risk associated with lending to borrowers that have a poor credit history, subprime loans typicall... : Subprime loansBridge Loans
Bridge loans are used in real estate transactions to cover the down payment on a new home, when the borrower has equity in his old home, but not enough cash.It is generally a short term, interest only loan that is repaid when the homeowner sells his old house.... : Bridge LoansHome Equity Loans
Home Equity Loans - There are a number of different loans available to home owners. One of the more popular loans is a home equity loan. A home equity loans is essentially a second mortgage on a residence. Home equity loans are generally used to make improvements to a home -- add an addition, renovate a basement -- or to help the borrower p... : Home Equity LoansJumbo loans explained
In some markets, a house in the $300,000 range is little more than a starter home. So why is it that a home loan in the mid $300’s is considered a Jumbo Loan? Good question. While the rest of us may see the term “jumbo” as relative, Fannie Mae and Freddie Mac, two government sponsored mortgage entitie... : Jumbo loans explainedFor more information about subprime loans: Business Cards?
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