tag:blogger.com,1999:blog-14162253.post2792897329254727891..comments2024-03-27T08:39:28.807-06:00Comments on Wash Park Prophet: Subprime Loans No Longer ExistAndrew Oh-Willekehttp://www.blogger.com/profile/02537151821869153861noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-14162253.post-26613066204750314942021-07-23T02:02:28.305-06:002021-07-23T02:02:28.305-06:00Having your own house is the dream of every person...Having your own house is the dream of every person. For a middle class person, it is considered as a lifetime achievement as it requires quite a huge amount of money. Banks play a pivotal role in fulfilling this basic need. The products they offer and the services they provide are of immense use to people who intend to have their own house. For a safe and beneficial home loan, proper awareness over the products, policies, terms and conditions of the bank is most important as ignorance may result in more payments to the bank in terms of principal and interest components.<br />But working with Mr Pedro changed everything in the lending experience, Mr Pedro helped me with a home loan at 2% rate which was very fast and smooth.<br />I will recommend Mr Pedro a loan officer and his awesome funding company Email Mr Pedro on pedroloanss@gmail.com.<br /><br /><br />Marie Carlos,<br />Texas USAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-14162253.post-64083441137474821132008-11-24T22:03:00.000-07:002008-11-24T22:03:00.000-07:00The decline of the subprime and Alt-A credit marke...The decline of the subprime and Alt-A credit market also means that families with poor credit but significant real estate equity who have a financial crisis must sell their homes, often at a loss given the current state of the real estate market, and start renting, to access that equity. Previously, home equity loans would have been a common solution for these families. Going forward, the demise of the subprime market is not necessarily a bad thing, and may not even hurt home ownership rates very much. Many subprime loans involve <A HREF="http://www.debtconsolidationcare.com" REL="nofollow">debt consolidation</A> by people who are already homeowners, rather than new home purchases. Also, many subprime loan borrowers would be better off economically selling their homes to an investor, putting the proceeds, if any, in an FDIC insured certificate of deposit, and renting the property back at the going market rate rental (at least in the absence of a pre-payment penalty).Anonymousnoreply@blogger.com