Interest Rates are Looking Good for Buyers May 23, 2008
Posted by jshum in : Banking, Lending, Mortgage, realestate , add a comment
Pay Your Mortgage Off In 10 Years Or Less April 9, 2008
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Learn How To Quickly Build At Least $40,000 Worth Of Home Equity And Pay Your Mortgage Off In 10 Years Or Less Without Making Biweekly Mortgage Payments- Or Changing Your Current Mortgage.
After 4 years of research, some clever individual has developed a simple mortgage reduction program that will quickly build your home equity and pay your mortgage off faster than any other mortgage reduction strategy available…without changing your current mortgage and without the use of a biweekly mortgage plan.
You’re probably thinking it sounds too good to be true…And I completely understand your skepticism. But please allow me to further explain how your mortgage can be reduced through Mortgage Cycling:
Prosper Lands Top 50 March 4, 2008
Posted by jshum in : Lending , add a comment
Prosper has landed the top 50 Website for TIME. What better business to run in the midst of the crashing lending markets.
Countrywide’s failure to capitalize on the saturation of subprime lending started the public acceptance that the industry grew too lax on lending practices. Back in 1999, I was approved for a $165,000 loan, but in 2004, I was approved for a $350,000 loan. We’re all paying the price for the loose reigns that have put thousands of people into bankruptcy and foreclosure.
Prosper’s peer-to-peer lending allow people who wouldn’t qualify for traditional loans, to approach their Net neighbor for loans. Prosper then allows lenders like you and me, to login and lend other people money. The twist is that you can diversify your loans across multiple borrowers, so your risk is minimized.
I think this is a brilliant move for Prosper and other sites similar.