Real estate blog entries tagged with subprime by Phoenix Home Loan Expert (www.aimeeloans.com)

Home : Blogs : Aimee Ghimire : Home Loan Expert of Arizona : Tag "subprime"

subprime: Renters Fight Back - 04/15/08 02:44 PM

Watch this video and let me know what you think....

Questions to ponder: Is it fair to have tax payers pay to bail out people who made poor financial decisions? What about the fact that some of the people who are in trouble didn't actually realize what they were getting into … (7 comments)

subprime: Refinance Your Subprime Mortgage Tops AMG Blogs Report (Oct. 16, 07) - 10/16/07 03:32 PM

The mortgage market remains in flux. Refinancing a subprime loan into a regular conventional mortgage is the big topic here in the Phoenix, Arizona market. The Arizona Mortgage Guru addressed this issue with a practical six step guide on how to refinance a subprime mortgage. The refinance post received heavy traffic, so it's on … (0 comments)

subprime: Refinance a Subprime Mortgage Loan ARM to a Conventional Fixed Rate Home Loan - 10/08/07 12:12 PM

"I have an adjustable rate subprime mortgage, the interest rate and payment will adjust soon. I need to know the options available so I don't find myself strapped to make my mortgage payment."
Recently I have received quite a few inquiries along the lines described above. I've guided a few borrowers through a subprime … (3 comments)

subprime: Foreclosure looming, now what? - 04/17/07 02:27 PM

My wife talked to a "near-client" the other day. She is a "near-client" because we looked at her re-finance application last year and advised her NOT to re-finance her loan or, get a second loan. We told her she couldn't afford it and the situation with home valuation had not … (3 comments)

subprime: Good credit marries bad credit - 04/09/07 01:25 PM

It's always a bit awkward. You've just pulled credit on the soon to be newly-wed and her credit is 720+ but he'd never qualify! They know they're a match made in heaven but for some reason their credit just doesn't jive. Most people do not think about credit scores when they're looking … (3 comments)

subprime: Revisiting the FHA loan - 04/04/07 08:45 PM

Now that subprime lenders are pulling back dramatically it is time to re-visit FHA loans. As recently as seven years ago (2000) FHA accounted for 14% of the mortgage market. This market share had dropped to below 3% by 2005. I do not have the numbers for 2006 but I am … (4 comments)

subprime: Do you stop making payments if your lender goes bankrupt? - 04/03/07 11:35 AM

Since New Financial Corp, the nations second largest subprime lender is officially in bankruptcy protection I am reminded of a question a friend had asked me a few weeks ago. He wanted to know if he would own his home outright if his lender went out of business. It was a … (8 comments)

subprime: A suitability test for borrowers? - 03/30/07 03:16 PM

Are you suitable for that mortgage? That is the line of thinking in government circles these days as they grapple with the sub-prime mortgage meltdown. The closest analogy is how in the securities industry financial advisers put a potential investor through a suitability test or evaluation. In other words they can … (1 comments)

subprime: Putting the impact of subprime in perspective - 03/29/07 10:48 AM

Lets take a look at the real impact of the subprime meltdown. I am even hesitant to call it a meltdown. Media buzzwords always seem to have a "hype" to it that both captures attention and yet doesn't quite tell the story right. I digress.
This is a purely numerical analysis designed … (5 comments)

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