Subscribe To RSS

What are the disadvantages of subprime home loans?

Written by Sam on September 21st, 2008

tikki asked: I’m getting ready to buy my house. I know to do a 30-yr fixed rate. I’m just wondering what is the buzz about subprime home loans? It seems to really be hurting people and mortgage companies. What are the advantages and disadvantages? Thanks.Powered by Yahoo Answers

Tags: , ,

Why did banks and Mortgage companies give loans to people without checking thir ability to pay them back?

Written by Sam on January 29th, 2008

ds asked: No doc loans? Home loans that do not include taxes or Insurance given to people who have NEVER held a job in their life? Why did they do it?Donna

Tags: , ,