Millions in Mortgage Loans Earmarked For Credit Impaired
Are credit problems holding you back from buying that new home, car or starting a business? Here's great news!
Government and private lending institutions are coming to the rescue. They are relaxing credit requirements to make it easier for people with bad credit ratings to get low interest loans.
Billions are now available to purchase homes, cars, start a business, consolidate debts and many other purposes. It's part of a joint government and banking initiative to revitalize the economy by making loans more accessible to people previously rejected as bad credit risks. Never before has it been easier to get a guaranteed mortgage to purchase a new or used home. And since interest rates are at a 35 year low, now is the time to start canvassing the housing market for that dream home.
HUD secretary Mel Martinez and President Bush have also introduced a Homebuyers Bill of Rights to help prospective buyers understand the true costs of their mortgage and reduce settlement fees. Larger Financial Institutions have committed themselves to increasing home buying opportunities for minorities, credit impaired, the homeless, the elderly, people with disabilities and those on subsidized incomes

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