If you’re looking for the truth about bad credit mortgage lending, you might be shocked by what you learn. Bad credit mortgage loans are typically double or triple the cost of even an average credit score borrower. Bad credit lending hurts not only the borrower, it hurts the economy.
One of the main reasons the economy [...]

Mortgages are nearly a lifelong commitment. Considering many couples enter into their first long term mortgage at the age of 28, they can expect to have their home paid off at age 48, 58 or 68. Why? Mortgage loans amount to hundreds of thousands of dollars. The average fixed mortgage loans in the USA are [...]

Everyone has heard that saying that before you even drive a car off a lot it has already depreciated, right? Well the opposite thing happens when you move into a house. And the longer you’re in a house the more value it’s worth, unless you destroy it while you live in it. Mortgage loans are [...]

Regular mortgage loans in the US average around $200,000-$250,000. The interest rates vary depending on the credit rating, among other things. Conventional mortgage loans run at about 7% interest, with good credit, and depending on the Federal government’s interest rate. The average amortization schedule is drawn out over a 20 or 30 year period. The [...]

If you have bad credit, there are a number of reasons to stay away from home loans designed for people in your situation. News articles in recent months have been filled with foreclosures and other negative outcomes of dealing with predatory lenders.
These predatory lenders take advantage of your bad credit situation by charging you [...]

There is a reason to avoid mortgage loans for bad credit. Actually, there are a couple reasons to stay out of these types of loans. First of all, it is important to look at why you have bad credit. Was there a disaster like a medical catastrophe that put you behind financially, or is [...]

Ok guys some things I almost can’t handle. This post will push some people to the stage of emotional ‘come apartness’ but that’s just too bad. Some of you are being stupid and you need to hear it like it is.
You shouldn’t be getting a mortgage loan if you have bad credit, period.
What kind [...]

What is a home loan?
Home loans are generally used for the purpose of purchasing a home. There are several different types of these loans:

Mortgage loans
Home equity loans
Mobile home loans

What are these loans used for?
In short, they are used to buy a home. One type of home loan (mortgage) can be used to buy land, [...]