Apparently the trend of offering subprime home purchase loans and subprime refinance loans is coming to a slow end. Banks are no longer eager to give people with bad credit loans. This is mainly due to the fact that home values have stabilized or gone down for the most part. In addition alot of people who go subprime loans have foreclosed on their homes leaving the banks dry.
However, it must also be said that for each subprime loan that was turned down by one bank - another bank stepped in to take its place so it seems that subprime loans are not completely dead.
************************************
Visit http://www.kstreetloans.com for refinance loans, home equity loans, home equity line of credit and debt consolidation loans.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment