Home Property Financing

Subprime mortgages have been in the news quite a bit over the past few years and many believe that they have contributed greatly to the economic struggles of the U.S. and other countries.  A subprime mortgage is one written for a candidate that is less than ideal, meaning someone that has a poor credit rating, lower earnings, or lack of a down payment.  Why would any lender give a mortgage to someone in this type of situation? Many mortgage companies realized ... Read More »