What is mortgage redlining?

Answer Redlining is an illegal business practice that represents a form of financial discrimination. The practice was sanctioned by banking laws for several decades in the 20th century.LendingBanks are fr... Read More »

Top Q&A For: What is mortgage redlining

Which organization started real estate redlining in chicago?

Redlining was the discriminatory practice of categorizing a person as either a good risk or a bad risk for a mortgage loan based solely on where the person lived. Redlining of certain neighborhoods... Read More »

Who Do You Talk With to Get an Interest-Only Mortgage Changed to a Fixed Rate Mortgage?

Interest-only mortgages are considered to be one of the riskiest types of home loans on the market. If you have an interest-only loan, you can take the necessary steps to convert it into a fixed ra... Read More »

Can i qualify for a mortgage before i sell my home&satisfy the existing mortgage?

On One Hand: The Hard WayIf your credit history and financial situation are good enough, you can qualify for a mortgage on a second property. This will work just as if you were buying a second home... Read More »

Does Saxon Mortgage have a grace period for mortgage payments?

According to Saxon's website, the mortgage lender does have a grace period for mortgage payments. If a borrower goes past his grace period, Saxon assesses a late fee. The company offers online paym... Read More »