Archive for May 2008

The Seven Deadly Sins In Home Loan Lending

Rony Walker asked: The seven deadly sins in home loan lending are no different from the seven deadly sins outlined in the Bible. The latter damns your soul; the former can decimate your finances. Whether you’re buying a house by yourself, with your partner, or with a friend, be sure to avoid the following costly [...]

What banks were NOT involved in subprime lending, & are strong enough to withstand pressures of foreclosures?

walkathisway asked: Do you know where I can find a list of banks that were not involved in subprime lending fiascos? Thanks

Mortgage Lending-A Few Facts To Start Down The Path To Home Ownership

Albert Alexander asked: From a loan standpoint there are, in general, three types of loans, a fixed rate mortgage, an adjustable rate mortgage (ARM) or an interest-only loan. With an interest only loan, you are just paying the interest piece of your loan. In an adjustable rate mortgage, the interest rate is usually fixed for [...]

Where can you find lending rates at for vehicles?

Sherry asked: I want to check lending rates without applying for a loan. I want to see who has the best rates and what your credit score needs to be for those rates? research puroses.

What lending institution could I use to get a Standby Letter of Credit for 250 million dollars?

Ebineezer asked: I’m looking to buy some portfolios, and it’s been very hard finding a lending institution that does Standby Letter’s of Credit for more than 5 million dollars in the U.S.