Financing A Home With Bad CreditWritten by Carrie Reeder
Financing a home with bad credit is a common problem for people. Over 25% of homes in US are financed through sub prime lenders, who offer financing to high-risk borrowers. While sub prime lenders charge higher rates and fees, through comparison shopping you can find a competitive financing offer.Check Your History Check your credit score to know what type of rates you can expect. If you have a score of 600 or lower, a down payment will be required between 5% and 20%. You should also check that information on your credit report is correct. Place A Down Payment The larger a down payment, better terms you can secure for financing your home. One of benefits of a down payment of 20% is that you do not have to pay PMI, saving most homeowners around a hundred a month. Pre-Qualify Before you begin process of purchasing a home, pre-qualify for a mortgage loan. Determine ahead of time monthly payments you can afford, and then base your home purchase decision on that loan amount. You can also negotiate terms of your loans, especially with a down payment.
| | What is a Title Loan?Written by John Mussi
A title loan is a loan of money secured by a certificate of title to a motor vehicle. The title loan lender keeps certificate in case loan is not paid. A title loan is a way to borrow money on your automobile title. When you get a title loan you receive money on your automobile. The process is fast and easy. If you have a clear title in your name, you are eligible for a title loan. If you own your car, title loans can be a great short-term loan solution to your borrowing needs. Borrowers should be aware that Title loans, like any other type of short-term loan, attract a high interest rate. Once a decision has been made as to how much you may borrow, title loan lender will hold vehicle title document while you continue to drive car. After principal and interest are paid your title document will be returned. The title loan lender must give each borrower, at time loan is made, a written title loan agreement.
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