Articles by Subject

Tough Times for Bad Credit Mortgages

By:
Tom Kerr - MortgageLoan.com | 12/28/2007 - 2:14am

If you need a subprime mortgage, these are challenging times, because the market for these risky loans is evaporating. It's still possible to find lenders to work with you, but it helps to plan ahead and be prepared to pay more than average for your mortgage.

Dim Prospects for Bad Credit Mortgages

By:
Tom Kerr - MortgageLoan.com | 12/20/2007 - 2:12am

The outlook for bad credit mortgages has never been particularly rosy. But under today's gloomy circumstances, it's even harder to secure a loan if you have poor credit. The situation is expected to grow increasingly dire in coming months.

Builders Helping Bad Credit Customers

By:
Tom Kerr - MortgageLoan.com | 12/15/2007 - 2:12am

As the housing and mortgage crisis grows across the U.S., some builders are providing financial counseling to customers with bad credit. Time will tell how well the program works, but at least for now, it provides credit relief for some buyers.

Bad Credit Mortgages Lure Opportunity Investors

By:
Tom Kerr - MortgageLoan.com | 11/21/2007 - 2:13am

Homeowners faced with financial problems related to bad credit mortgages are finding few options in this difficult market. As a last resort, some are turning to investors who buy properties cheap, and help homeowners avoid foreclosure.

Bad Credit Mortgages and "Legal Kickbacks"

By:
Tom Kerr - MortgageLoan.com | 11/09/2007 - 2:12am

Borrowers with bad credit are particularly vulnerable when applying for a loan, because they represent higher risk for lenders. Sometimes, they're steered into loans that cost them more, and pay mortgage brokers higher fees as a sales incentive.