| Bad Credit Mortgage Articles
New Bankruptcy Law Requires Credit Counseling Before Filing
If you are considering filing for bankruptcy, you should know about one major change to the bankruptcy law: Beginning October 17, 2005, you must get credit counseling from a government approved organization within six months before you file for bankruptcy protection.
Buying a Home with Bad Credit: Your 4-Point Path to Success
There was a time when buying a home with bad credit was next to impossible. Fortunately (for people with bad credit), times have changed.
No Down Payment Poor Credit Mortgage Loans – Understanding 80/20 Loan Option
When applying for a mortgage loan, down payments are generally required as part of the financing. Many traditional mortgages will only finance 80 percent of the home price. Thus, homebuyers are obligated to provide the additional 20 percent.
Microsoft Encarta defines 'mortgage' as 'an agreement by which somebody borrows money from a money-lending organization such as a bank or savings-and-loan association and gives that organization the right to take possession of property given as security if the loan is not repaid.'
Refinance Mortgage Loan
A refinance mortgage loan can help you get cash for the equity in your home. Home equity refers to the value of the house that has already been paid for.