Low-income customers have huge drawback whenever it comes down to purchasing a house.

Back ground: Homeownership, Predatory Lending therefore the Subprime Market Denied conventional home loans – the most crucial wealth-building device in this nation – their only opportunity may be the credit market that is‘sub-prime. These ‘predatory loan providers’ target individuals with impaired credit records – typically offering to refinance a current loan with initial ‘teaser’ prices usually without any advance payment, no earnings verification needed, no credit checks, yet consist of adjustable price mortgages with high built-in price and re re payment increases with exorbitant or unneeded costs, and much more... Read The Rest →