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Mortgage Professor about subprime lenders: 
Why Is the Loan Rejection Rate Rising?
March 20, 2000 "I have read that in recent years loan rejection rates have increased, especially among lower-income people and minorities?Why do they continue to get the short end of the stick?" You are ... more...

Do Secondary Mortgage Markets Help Borrowers?
October 7, 1999, revised April 2, 2003 "In a recent column you said that there was no serious downside to borrowers from having their loans sold, but you didn't point to any upside to the practice, either?Don't loan sales raise costs, ... more...

subprime lenders related definitions

Origination Fee
Origination Fee Charge by a lender or broker connected with originating a loan; charged to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the value of the loan. Loan origination fee usually ... more...

Loan Origination Fees
Loan Origination Fees Charge by a lender or broker connected with originating a loan. Different from discount points which are used to buy down the rate of interest. A point is simply one percent of the total loan amount. Loan origination fee usually varies from 0.5% to 2% ... more...

More about subprime lenders

Get Free subprime lenders 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...

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...

Subprime Mortgage Loans - 3 Questions To Ask Your Subprime Mortgage Broker
Subprime mortgage brokers offer a variety of mortgage loan packages from different lending companies. They can find financing for almost anyone, regardless of their credit score. Even though brokers offer a valuable service, you still need to ask questions to be sure you are getting the best deal.1 ... more...

Subprime Mortgage Loans - What is a Subprime Loan?
Perhaps you have seen a television commercial or billboard advertising super low mortgage interest rates. If you have good credit, you are likely a good candidate for such loan programs. On the other hand, if your credit score is low, obtaining a prime loan rate is not very feasible. In ... more...

Subprime Mortgage Lenders - Sub-prime Loans Now Available Through Traditional Lenders
Sub-prime loans are becoming more readily available through traditional lenders. Even with a bankruptcy or foreclose in your credit history, you can still find financing for the purchase of your home. The key to sub-prime mortgages is to do your research and compare both terms and rates.Your Credit ... more...

Bad Credit Mortgage Lenders - The 3 Most Common Subprime Lending Scams
Legitimate sub-prime lenders provide a needed service to many wishing to buy a home. By offering financing to those with adverse credit, sub-prime lenders offer a valuable financing options. However, predatory lenders take advantage of people with poor credit by charging excessive fees, forcing ... more...

Buying a Home With Bad Credit - Why a Recent Bankruptcy Will Not Stop You From Getting Approved
Buying a home with bad credit is possible with the help of a subprime lender even if you have a recent bankruptcy or foreclosure. These mortgage lenders specialize in financing home loans for people with poor credit.Effect Of Bankruptcies And Foreclosures On CreditA bankruptcy or foreclosure is not ... more...

Buying A Home After Bankruptcy - When Is It Smart To Buy?
If you have recently or previously filed bankruptcy. You know how difficult it can be to get a home loan afterward. You may be wondering how long it takes until getting approved for a home loan becomes easier. Also, more importantly, when should you buy a home?Most subprime mortgage lenders want ... more...

Sub-Prime Mortgage Loans - Five Ways To Lower Your Rates On A Sub-prime Mortgage
Sub-prime mortgages dont mean you have to pay excessively high interest rates to buy a home. By taking time to do some research and pick the right terms, you can save thousands on your mortgage. The following five tips will help you get low rates with the right subprime lender.Compare LendersThe ... more...

2nd Mortgage Loan After Bankruptcy - Should You Get a 2nd Mortgage?
A second mortgage loan after a bankruptcy is a valid choice for some people. With your home as your collateral, a home equity loan can get you better rates than with other types of loans. However, consider all your options before committing to a loan payment.How Long Ago Did You File Bankruptcy ... more...

Bankruptcy and Buying a Home - 3 Benefits to Buying a Home After Bankruptcy
If you have filed bankruptcy recently, you may wonder if you can get approved for a home loan. You may also wonder if buying a home after a recent bankruptcy is a good idea for you.While a bankruptcy can make getting approved for a mortgage loan more difficult, it is still possible to get approved ... more...

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