There are a lot of affordable houses on the market, and the interest rate on new home mortgages are at historical lows, but that does not mean that it will be easier to finance a property purchase. Even consumers who would be considered credit worthy buyers in other times and circumstances have recently found it [...]
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It’s true that sub prime borrowers typically are people with challenged credit. However, credit is not the only criterion to be classified as subprime. Although guidelines will vary by lender, you might be a subprime borrower if; * You have a foreclosure on your credit report. * You filed for bankruptcy, and it has not [...]
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We always hear about the terms “good credit” and “bad credit.” While good credit almost always means having a good payment history, the strength of your credit really lies in who is looking at your credit report. Different companies have different criteria for evaluating good credit. An employer, for example, might consider having zero credit [...]
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