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States o Szh searchil d Yield Ssearchhsearcho 2ndmortgagemtgmortgage S Szh a States esearch February 11, 2012 by admin

Question by Clinton B: BD Nationwide Mortgage?
Right now, I am mortgage shopping. I have came across BD Nationwide Mortgage. I question if they are legit or not. Anyone?

Best answer:

Answer by Ed Atun
BD is looking to pick up business in the categories where other lenders refuse to lend. They are offering loans with no appraisals. That is to avoid the typical “upside down” problem of having no equity. They are loaning to people with bad credit. They are loaning 2nd loans at a time when few others are doing so.
All of those features are a warning sign that you will have to pay more money to get a loan. All 3 types put the borrower into the “risky” category. In lending, high risk means higher costs.

What do you think? Answer below!

Posted in Mortgage | Tagged Mortgage, Nationwide | Leave a comment

Posted on February 10, 2012 by admin

Question by : bad credit mortgages?
what are some mortgage products you are familiar with in terms of a high down and bad credit friendly?

Best answer:

Answer by falsi fiable
They don’t exist any longer. Bad credit no mortgage.

Add your own answer in the comments!

Posted in Mortgage | Tagged Credit, Mortgages | 3 Comments

Posted on February 9, 2012 by admin

Question by spidermonkey_8: What are some good strategies for mortgage repayment before closing?
I will be closing around August 1 and I was wondering if there were any strategies for reducing the principal and/or interest from the very start of the loan. Thanks!

Best answer:

Answer by mamacas00
my mother fefinanced her home and saved a lot of money. make sure u make a good down payment. Also if u have extra cash pay extra amounts to the principal balance

Know better? Leave your own answer in the comments!

Posted in Mortgage | Tagged before, Closing, good, Mortgage, Repayment, some, Strategies | 3 Comments

Posted on February 8, 2012 by admin

Question by Bart S: To all ppl with mortgages and bad credit?
Pay you’re damn mortgage on time. Because of ppl like you, the US dollar is crashing and the US dollar will lost 50% of its value in a couple of years. And if you can’t afford a mortgage, then dont get one!!!!!!!. Isn’t there anything that can be done about this?

Best answer:

Answer by REinfo
Actually its not all their fault, alot of banks approved sub prime loans with very little requirements i.e. Stated income, State assets, 100% financing and so on. So everyone wanted the american dream of owning a home with no money down hoping that their values would increase. Which caused this huge problem of a declining home market.

It will change, its all a cycle.

Give your answer to this question below!

Posted in Mortgage | Tagged Credit, Mortgages | 5 Comments