Happy Easter to everyone. I haven't updated this blog in a quite a while....busy busy busy.
Eventhough our official sponsor is http://www.kstreetloans.com, i post whenever, i see a financial company that catches my eye.
Anyways a few days ago I got sight of a company that I saw an ad for on Lifetime TV so i checked them out: http://www.pioneerlenders.com I had also heard of it being referred to as a "mom & pop" Lendingtree.com with a local feel (they service all 50 states though from what i understand).
I'm always interested in these financial companies and their angles. A while ago I posted about http://www.prosper.com. Prosper.com is a loan market place where ordinary people go and borrow money from ordinary people like you and me.
Pioneer Lenders is loan portal for a lack of better word that allows you to do anything from refinancing your home, to getting a student loan for your child's education, to consolidating credit card debts even if you are not a homeowner. What I liked was the convenient online factor and the potential for a fast loan. They had a 1 pager form.
Anyways, if you know of an interesting financial website - feel free to suggest a review.
Saturday, April 7, 2007
Tuesday, March 13, 2007
On a totally on unrelated note...
I need a vacation. I would like to take a one month vacation to Bora Bora or Fiji and park myself on a beach....my only worries being what to drink, eat and what palapa to sit under on the beach.
Lenders putting the halt on subprime mortgage loans - ooooh oh
It seems that the trend of lenders giving subprime mortgage loans might be taking a hiatus. Today's financial news reports that delinquencies in late mortgage payments are a 3.5 year high. This is not good for lenders and in general for financial markets.
If you are not familiar with subprime mortgages - they are basically mortgage loans and mortgage refinance loans offered to people with bad credit. With the recent rapidly gained equity in home values, some lenders did not consider these types of loans to be too much of a credit risk so they gave people who had low credit score new home buyer loans. New home purchase subprime loans are the most risky because you are offering a loan to someone who has not proven that they can pay their bills on time.
Subprime refinance loans are less risky because chances are an existing homeowner will want to stay in their home and strive to keep up with their payments. In addition, they have equity in their home. Thus, if you are already a homeowner getting a subprime refinance loan is not as difficult as a new home buyer getting a new home purchase subprime refinance loan.
You can still get a subprime refinance loan with a credit score of 600 and up.
**************************************
For mortgage refinance loans, home equity loans, home equity line of credit (HELOC) and debt consolidation loans visit http://www.kstreetloans.com.
If you are not familiar with subprime mortgages - they are basically mortgage loans and mortgage refinance loans offered to people with bad credit. With the recent rapidly gained equity in home values, some lenders did not consider these types of loans to be too much of a credit risk so they gave people who had low credit score new home buyer loans. New home purchase subprime loans are the most risky because you are offering a loan to someone who has not proven that they can pay their bills on time.
Subprime refinance loans are less risky because chances are an existing homeowner will want to stay in their home and strive to keep up with their payments. In addition, they have equity in their home. Thus, if you are already a homeowner getting a subprime refinance loan is not as difficult as a new home buyer getting a new home purchase subprime refinance loan.
You can still get a subprime refinance loan with a credit score of 600 and up.
**************************************
For mortgage refinance loans, home equity loans, home equity line of credit (HELOC) and debt consolidation loans visit http://www.kstreetloans.com.
Friday, March 9, 2007
Greenspan Versus Bernanke
I haven't updated the blog in about a week or so. Alot has happened since the last update. Alan (the former FED chairman) Greenspan opened his big mouth with the word "recesssion" and the markets came tumbling down and then Ben Bernanke (the current FED chairman) smoothed it over and the market somewhat rebounded. The funny thing is that it rebounded for no apparent good reason since that very day there were economic indicators that the housing market and other financial sectors weren't doing too well.
Go figure.
****************************************
Visit www.kstreetloans.com for home refinance loans, debt consolidation loans, home equity loans and HELOC - up to 125% LTV.
Go figure.
****************************************
Visit www.kstreetloans.com for home refinance loans, debt consolidation loans, home equity loans and HELOC - up to 125% LTV.
Thursday, March 1, 2007
Why Rent Versus Buy
I'm doing a short blog today. I found an interesting article about the advantages and disadvantages of renting an apartment or buying a home on http://www.kstreetloans.com.
Here is the article.
***************************************
visit http://www.kstreetloans.com for refinance loans, home equity loans, HELOC and debt consolidation loans. Bad credit refinance loans also offered.
Here is the article.
***************************************
visit http://www.kstreetloans.com for refinance loans, home equity loans, HELOC and debt consolidation loans. Bad credit refinance loans also offered.
Tuesday, February 27, 2007
On Looking At Prosper.com Closely
So an update on www.prosper.com. I have been reading more about this unique financial experiment and spent quite sometime reading their lender and borrower forums. From what I understand most of the borrowers have bad credit and also there are some borrowers, who get cash and never pay back the money. This fact has led to some lenders being very picky about who they lend to.
Some lenders even have a "wall of shame" where they track borrowers who have no paid back their loans. There are arguments that prosper.com will fail because pretty soon the website will be taken over by people with bad credit who don't want to use payday loan lenders. This will inturn lead to more loans that are unpaid and eventually the lenders will run.
So, i guess only time will tell - let's see where this goes.
***********************************************
As always, if www.prosper.com is not for you and you need to refinance your mortgage loan - get a refinance loan, debt consolidation loan, home equity loan or HELOC through http://www.kstreetloans.com - the internet's leading mortgage refinance resource. Bad credit refinance loans also offered.
Some lenders even have a "wall of shame" where they track borrowers who have no paid back their loans. There are arguments that prosper.com will fail because pretty soon the website will be taken over by people with bad credit who don't want to use payday loan lenders. This will inturn lead to more loans that are unpaid and eventually the lenders will run.
So, i guess only time will tell - let's see where this goes.
***********************************************
As always, if www.prosper.com is not for you and you need to refinance your mortgage loan - get a refinance loan, debt consolidation loan, home equity loan or HELOC through http://www.kstreetloans.com - the internet's leading mortgage refinance resource. Bad credit refinance loans also offered.
Monday, February 26, 2007
Prosper.com What An Ingenius Idea!
So may be I have been living under a rock for this past year but i just discovered www.prosper.com. This idea is purely genius. It basically connect individuals seeking loans from anywhere from $1000 to $25,000 - I think you can get more. Basically you go on there and say how much money you need say $10,000 and you submit your credit rating. A, B, C, D, etc. The smaller the letter the better.If you have bad credit - you borrow at a higher interest rate than a person with good credit.
The system is quite impressive. if you want $10000 about 200 could bid on your loan - each giving you $200, $100, $500, etc.
Why didn't I think of this idea.
However, if you are a homeowner need a large amount of cash refinancing is still your best option.
*****************************************
Visit http://www.kstreetloans.com for refinance loans, home equity loans, home equity line of credit (HELOC) and debt consolidation loans. Bad credit refinance loans also offered.
The system is quite impressive. if you want $10000 about 200 could bid on your loan - each giving you $200, $100, $500, etc.
Why didn't I think of this idea.
However, if you are a homeowner need a large amount of cash refinancing is still your best option.
*****************************************
Visit http://www.kstreetloans.com for refinance loans, home equity loans, home equity line of credit (HELOC) and debt consolidation loans. Bad credit refinance loans also offered.
Subscribe to:
Posts (Atom)