By vanko on September 29, 2009
A sub-prime loan lender is a lender who lends money to borrowers who do not qualify for loans from mainstream lenders. Often these lenders are independent, and yet more are affiliate with prime lenders operating under different names.
The only clear giveaway are their prices, which are higher than those quoted by mainstream lenders. It [...]
Posted in Develop Your Skill | Tagged a, for, get, loan, Mortgage, prime, should, sub, you, your
By vanko on September 18, 2009
As the sub prime mortgage debacle continues to play out across the United States, the Federal Reserve has opted to cut interest rates by half a percentage point, from 5.25. This cut makes all loans relatively cheaper, thereby encouraging a pantheon of economic activity to increase, hopefully in the troubled housing market.
Such tactics have [...]
Posted in Develop Your Skill | Tagged cut, enough, federal, interest, is, Mortgage, prime, rate, stabilize, sub, the, to, woes
