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 » HECM-what does it mean?

HECM-what does it mean?

Topic: Mortgage

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Yeyenudin
I think credit is kilnilg America however we need it to keep the economy afloat so it is very tenuous, ie who could buy a new car for cash, no one or very few so we need credit. Tax advantaged credit ie student loans and mortgages are not so bad and at low rates, it is using the banks money to build wealth but credit cards etc are evil.No credit is not bad and easily fixable bad credit is bad and should be avoided at all costs. As a credit manager I'd give it to the no credit guy as he has a solid job and has never shown any reason to doubt him, why make him guilty before he has done anything wrong, the bad credit guy has proven he will not pay at least one time in his life, so he has a track record.By the way, I have bad credit as part of trying to start a small business so you'll see I am not prejudiced.
read more... 03/28/2013

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