Sub-prime lenders have largely replaced the FHA (Federal Housing Administration) in providing mortgages to less than prime-risk borrowers because they offered better terms and less paperwork. But with many of those sub-prime loans …
As we have said many times, credit cards are a much better deal for you than debt cards IF you pay them off every month. Credit cards offer far more protection that debit cards …
In the last decade or so, standards for granting mortgages have become much looser. People who could not qualify for mortgages before have been able to get so-called “sub-prime” mortgages at higher rates. …