Bad Credit Loan Article Archive 2006

Bad Credit Loans Made Easier by Pre-Approval

By:

Jan Lindsey - MortgageLoan.com | November 28, 2006

Finding and buying a house can be stressful under the best of conditions. If you start the process with a bad credit history, the uncertainty of your position can add layers of worry. You can peel some of those away, however, by obtaining a mortgage pre-approval that will tell you exactly what you can afford to spend.

The ABCs of Bad Credit Mortgages

By:

MortgageLoan.com | November 15, 2006

Bad credit won't necessarily keep you from getting a mortgage, but it will mean paying higher interest rates in the subprime mortgage market. Predatory lenders lurk in these waters. Learn how to recognize them, and you'll be able to swim out of harm's way and freely shop for the best deal.

Refinancing in Spite of Bad Credit

By:

Greg Mischio - MortgageLoan.com | November 14, 2006

Overcoming bad credit is the financial equivalent of scaling Mt. Everest. No matter what the reasons for your bad credit-overspending, medical bills, divorce, loss of job-your life is a struggle compared to A-credit friends and family. But there's a way out-a mortgage refinance can get you back on your feet, despite how risky you are to creditors.

Choosing a Subprime Lender: Four Tips

By:

MortgageLoan.com | November 14, 2006

Having bad credit doesn't mean you can't qualify for a mortgage. In fact, there are reputable mortgage lenders, called subprime lenders, who actually specialize in bad credit loans. Here are some tips on selecting a subprime lender.

Bad Credit, Decent Mortgage

By:

Greg Mischio - MortgageLoan.com | October 27, 2006

There are mortgage loans available for everyone, even those with a spotty credit history. Bad credit mortgages and no-document loans can serve the same purpose in different ways.

Repairing Bad Credit Through a Good Mortgage

By:

Anders Bylund - MortgageLoan.com | October 23, 2006

When times are tough on the financial front, baby-steps in the right direction can get you out of a jam. Many homeowners with bad credit look to their home equity as a way to help them consolidate their debts and work their way out of a tough spot. Even though a bad credit mortgage has higher rates and upfront fees, it just might be the stepping-stone that you need to get your credit headed in the right direction.

Bad credit? Be careful when mortgage hunting

By:

Jan Lindsey - MortgageLoan.com | October 18, 2006

Lenders often give mortgages to people with bad credit, but they charge more, in order to cover the additional risk. The danger isn't that you won't get a loan, but that you'll get the wrong loan. Knowing ahead of time about the wolves lurking in the lending forest may save your hide. And your wallet.

Bad Credit? You Can Get a Mortgage Loan

By:

Steven Powers - MortgageLoan.com | September 27, 2006

If you're discouraged because your bad credit seems to present an insurmountable obstacle to owning a home, don't be. There are many financing options available to you, once you understand the sub-prime mortgage marketplace.

Bad Credit Mortgages and Home Equity Loans

By:

MortgageLoan.com | September 19, 2006

If you've abused your credit in the past and want a home equity line of credit, don't give up. Loans may be harder to come by, but they're definitely available to you. In fact, many lenders specialize in so-called "bad credit" loans, and lend money to people who have low credit scores, bankruptcy, judgments, liens, and other blemishes on their borrowing record.