Someone will take Their Place

Every day more emails pour in for 100 LTV low credit score loan offers. Now the latest sales pitch is "Has your lender stopped doing these loans? We can take their place!" We received a email that had the heading "Check out these CRAZY sub-prime products" and then proceeded to list the same "junk" loans as before. As long as there is money to be made some company will still be doing these type of products. As a borrower you need to be aware you will pay dearly for this type of loan both by rates and fees. Do not get caught up in this whirlpool of mortgage debt. You can and will drown financially as the high payment sucks you under. The ability to own a home is a wonderful thing but only if you can enjoy it along with the payment.
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