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Mortgage Professor about purchasing mortgages for bad credit: 
The Worst Mistake of Mortgage Borrowers
February 19, 2001 ?What?s the worst mistake mortgage borrowers make??     The worst mistake by far is making decisions based solely on the affordability of monthly payments, without considering ... more...

The Fully Amortizing Mortgage and Savings Discipline
February 7, 2005 ?The equity from sale of our old house will cover the first 6 months of payments on the new one. To avoid spending this money, we plan to make 6 payments immediately, then we have 6 months to save enough from our current income to repeat the process. Is this ... more...

purchasing mortgages for bad credit related definitions

Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more...

Credit Score
Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more...

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Get Free purchasing mortgages for bad credit Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Bad Credit Home Financing Mortgages for Less than Perfect Credit
Homebuyers must pick loan programs based on their credit history. Because of an influx of new home loans creating more financing options, many people are buying or refinancing homes with poor credit. Hence, low credit scores, bankruptcy, self-employment, or loss of job will not prevent some ... more...

Auto Loan Options for People with Bad Credit
Internet surfers with bad credit looking for an auto loan are bombarded with advertisements most days. Many of these ads are truthful in their bad credit auto loan options. However, there are many things to avoid, and this article will describe some of those.Directly financed auto loans for people ... more...

Bad Credit Loans and Lender Questions & Answers
Q: What is a private investor and how do they differ from a hard money lender or a subprime lender?A: A private investor is an individual who lends out their own funds to borrowers who are unable to obtain a loan from a traditional lender such as a bank. It is also possible for private investors to ... more...

Bad Credit Personal Loan and Bad Credit Loans
Bad credit personal loans are widely available these days. These are personal loans marketed to individuals with a poor credit score or poor credit history. A bad credit personal loan can be obtained through a lender who specializes in bad credit personal loans or through some banks. Many bad ... 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...

Best Bad Credit Loans
Shopping for the best bad credit loan? Then you know it can be time consuming and frustrating. But there are several lenders who offer financing for people with bad credit if you know where to look.First, you must realize that bad credit interest rates are always higher than for someone with a ... more...

Bad Credit Debt Consolidation Loans - An Opportunity Beyond Belief
Every one now a day requires money for different purposes it may be for personal purposes, home improvement, wedding or for the educational purposes. Every one may not have enough money by themselves to fund the event by individually so a loan is a very important tool, which can help us, reach the ... more...

California Bad Credit Mortgage Loans How Credit Ratings Affects Approval
Applying and getting approved for home loans with bad credit is doable. Unfortunately, those who accept a bad credit loan must be willing to pay slightly higher interest rates. The average mortgage rate is about 6%. If you have excellent credit, it may be possible to get approved for a home ... more...

You Can Get A Bad Credit Mortgage
Recently, my significant other and I decided to buy our first home. We were unaware of the fact that we had bad credit until we sat down with a mortgage lender who told us our credit scores were terrible. He suggested a bad credit mortgage.There are lots of causes to bad credit. One of the biggest ... more...

How to Get Cheap Home Loans with a Bad Credit
Its been years since you made any major improvements to your home and its about time. Your spouse and children are also urging you to give the house a facelift. So, what do you do? Dip into your savings? Great! But thats only if youve enough stashed away in there. Go in for a regular loan? But you ... more...

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