Global Financial Crisis
When the word global is used when describing a financial crisis it means that everyone has been affected one way or another. Almost everyone has taken a hit on their financial histories and this could spell trouble in any number of cases. There are those who are having trouble meeting their current mortgages that makes refinancing difficult. And there are those who are having difficulty finding financing once they decide that they would like to become homeowners. Situations such as these can benefit from the increased availability of prestamos para casa or mortgages for those with bad credit.
Private Lenders Take the Place of Traditional Lenders
Nowadays, since the housing bubble burst and the financial markets around the world were shaken, traditional lenders such as banks and credit unions have tightened their qualifications to land a loan. That means that even borrowers with good credit are having trouble borrowing from them. The traditional lenders want borrowers to have high incomes, low debt loads, job stability and squeaky-clean credit ratings. But, so many potential borrowers have been dealt with credit score smudges they cannot qualify.
Competition Rules the Loan Markets
Private lenders, their eyes on a lucrative market, … Read More