Subprime Refinancing
Posted on | February 7, 2009 | 2 Comments
Subprime refinancing is something that many Americans are currently trying to do. Lenders have realized the huge mistake they made by giving subprime borrowers too much leniency with the size and rate of their loans. They will not make this mistake again. If you plan on doing any subprime refinancing in the near future, expect to pay at least three to four perfect more than most advertised rates. The old adage, “what have you done for me lately” is the way lenders are currently feeling. Most subprime borrowers have put these lenders in very bad spots or out of business, so they are going to do VERY little to help you get out of your current situation.
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February 7th, 2009 @ 11:12 pm
[...] a Mortgage By jwojdylo There is a very interesting post at Subprime Blogger about subprime refinancing. It seems that many individuals that are refinancing seem to be of subprime status and the [...]
February 7th, 2009 @ 11:16 pm
[...] Random Feed wrote an interesting post today onHere’s a quick excerptSubprime refinancing is something that many Americans are currently trying to do. Lenders have realized the huge mistake they made by giving subprime borrowers too much leniency with the size and rate of their loans. They will not make this mistake again. If you plan on doing any subprime refinancing in the near future, expect to pay at least three to four perfect more than most advertised rates. The old adage, “what have you done for me lately” is the way lenders are currently feeling. [...]