Archive for the 'Borrowing' Category

Credit Score Advice from a Mortgage Lender: Mortgage Refinancing Experience

New here? You may want to subscribe to the RSS feed or browse the site map. Thanks!This is the second post in a series on my recent experience applying for mortgage refinancing.
While applying for mortgage refinancing, I asked the loan officer for credit score wisdom based on her experience. I knew most of […]

My Mortgage Refinancing Experience: Post Mortgage Crisis Delivery Fees

This is part one of a series of what I learned by talking to a mortgage broker last week.
I stopped by my credit union to check into refinancing my mortgage last week. The rates were low and with the likelihood that the fed was going to drop rates again, I decided this might […]

Zopa Borrowers Receiving Negative Interest Rates on Loans

I returned to the Zopa lending site today for a second impression after my initial review of Zopa. I noticed something that knocked my socks off about Zopa’s business model of social lending — some borrowers are not paying interest after receiving “help” from lenders. In fact, some borrowers are “paying” negative interest at Zopa! […]

Borrowing-to-Lend: Earn money on good credit?

As I browsed Prosper loans, I was surprised at the number of community members who would like to use their good credit score to borrow money in order to reinvest the money in other P2P loans. This is called leverage and by definition it does increase risk. Is it a strategy that is likely […]