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Avoiding Mortgage Predators
August 20, 2001 ?I read a lot about predatory lending.  How do I avoid becoming a victim??    To educate myself on what makes a victim, I recently studied 51 case histories of households ... more...

How Do You Avoid Mortgage Predators?
August 20, 2001 ?I read a lot about predatory lending.  How do I avoid becoming a victim??    To educate myself on what makes a victim, I recently studied 51 case histories of households ... more...

Prime Interest Rate History related definitions

Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more...

Prime Rate
Prime Rate In North American banking, the prime rate is the interest rate a banks charge to their best or "prime" customers. Each bank will quote a prime lending rate. Many institutions quote prime rates established by large money center commercial banks such as ... more...

More about Prime Interest Rate History

Subprime Mortgages And A Past Bankruptcy
Even with a Chapter 7 bankruptcy in your credit report you can still qualify for a sub-prime mortgage. Once approved, you can then use your mortgage to improve your credit history, qualifying you for lower interest rates in the future.The Effects of a BankruptcyA bankruptcy will affect your credit ... more...

How To Get A Credit Card No Matter How Bad Your Credit Rating
Your credit is bad. Perhaps you have a string of unpaid bills haunting your past. Maybe you declared bankruptcy within the past 10 years, or defaulted on a student loan.All of the above can block your access to obtaining a major credit card, such as VISA or Mastercard.But bad credit is not the ... more...

Credit Help For Renters And Others On The Horizon
Sue is a homeowner and pays her mortgage and other bills on time like a good credit consumer. Sues on-time mortgage payments are reflected in her credit score profiled by the three major credit bureaus; Equifax, Experian and Trans Union.Joe on the other hand is a renter, who wants to buy his first ... more...

Buying Outer Banks (OBX) Investment Property
So, youre thinking of purchasing a rental property at the beach. Historically, real estate investments have proven to be a wise investment strategy. The name of the game has always been maximizing cash flow. Years ago, one could realize a healthy rate of return based on cash flow generated from ... more...

Home Equity Loans Company 7 Key Questions to Help You Choose One
Choosing the right home equity loan can be tricky; you have to consider interest rates and repayment schedules, among others. Choosing the right lender, however, does not have to be a difficult task. If you ask the right questions, you can pick the best lender for your needs. The following is a ... more...

Real Estate Investing 101 Understanding the Different Types of Lenders
The changes in financing options available for residential investment properties over the last 5 years are staggering. Lenders have relaxed the credit and income guidelines for qualification that formerly deterred many would-be investors from entering the real estate. In addition, the down ... more...

Home Loans for Credit Challenged Borrowers
Just because you have negative items on your credit report doesn't mean you can't obtain a home mortgage loan. There are options for you. Bad credit is not the end of the world. It's true that getting a bad credit mortgage loan is not always the easiest or fastest mortgage loan out there, but you ... more...

Credit Problems: What You Can Do
Having a blemish on your credit report can lead people to believe that it will be impossible for them to obtain a mortgage or refinance their current one.Although having less than perfect credit can be a challenge, all hope is not lost.There are lenders out there, and many of them, who specialize ... more...

Understanding How to Get Easy Home Loans for the Self Employed
There are three specific criteria that make any loan work. They are:1. Collateral - What you have of value (assets) to place at risk if you should default on the loan.2. Capacity - Your ability to pay back the loan over time. This includes income reporting such as IRS Form W-2 or 1099. Capacity ... more...

Bad Credit Home Loans - Pre-Approval is Still Possible With Adverse Credit History
If you are among the millions with less than perfect credit, there are many sources available to you in obtaining a mortgage. Lenders that specialize in mortgages for those with bad credit are competing for your business. The lender will analyze your credit report, credit score, debt-to-income ... more...


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