Bad Credit Articles

Want to get your personal finances in order but you're not sure how?
Here at Mortgage Loan, we have a few tips!
Subprime mortgages are back - with a new name
Bad Credit

Subprime mortgages are back - with a new name

The home loans that caused the housing market to crash in 2008 are returning under a different name — nonprime loans, though with more documentation than the subprime loans where it seemed like anyone with a pulse could get a home loan. They’re replacing subprime mortgages as a new form of bad credit mortgages, but with some safeguards.

Kirk Haverkamp
9 months ago
Deportations could lead to more foreclosures
Bad Credit

Deportations could lead to more foreclosures

The Trump Administration’s policy to deport more illegal immigrants may ultimately hurt the housing market and mortgage lenders in a variety of ways, including fewer immigrants buying homes and more foreclosures, according to immigration experts.

Kara  Johnson
3 years ago
Qualifying for a mortgage after bankruptcy
Bad Credit

Qualifying for a mortgage after bankruptcy

If you've filed for bankruptcy, you're not alone. The American Bankruptcy Institute reported 789,222 personal bankruptcy filings in 2015. And here's the truth: Many of the people behind these bankruptcies will one day be able to qualify for a mortgage and buy a home.

Dan Rafter
4 years ago
How to fix bad credit
Bad Credit

How to fix bad credit

Need help with credit repair? Bad credit is one of the chief obstacles for people who can't get a home loan.  You can have a decent income and money for a down payment, but if your credit is bad, you're going to have trouble getting approved. Or you may get approved, but have to pay a higher mortgage rate and make a larger down payment than borrowers with better credit scores.

Kara  Johnson
5 years ago