I'm pleased to announce our next "Win a FREE Mortgage Payment" sweepstakes. The winner will have one free monthly mortgage payment (up to $2,000 value).
For details, visit www.charleyfarleyhomeloans.com.
Stay tuned for the winner of the sweepstakes ending today.
Sunday, September 30, 2007
Wednesday, September 5, 2007
Sub-Prime Borrower? Have Some Plastic....
Yesterday's Boston Globe featured an article revealing that credit card companies have begun targeting subprime mortgage holders with new credit card offers! The "rationale" is that if homeowners can't refinance to get quick cash, then they'll use their credit cards instead.
As counter-intuitive as it sounds, credit card companies are quite fond of subprime mortgage holders who can't meet their monthly obligations, says the Globe. (This is because they're likely to make only the minimum payments on their bills, allowing the credit issuers to (hopefully)collect big interest fees.)
Read more here.
As counter-intuitive as it sounds, credit card companies are quite fond of subprime mortgage holders who can't meet their monthly obligations, says the Globe. (This is because they're likely to make only the minimum payments on their bills, allowing the credit issuers to (hopefully)collect big interest fees.)
Read more here.
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