http://www.aboutsecondmortgages.com/mortgages/bad-credit-mortgages.html Bad credit mortgages - a little true / false quiz for potential buyers. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Take the bad credit mortgages quiz! About Second Mortgages has put together this informative quiz to educate you on bad credit mortgages. This tricky but useful test is comprised solely of true/false questions on mortgages. Therefore, you have a 50-50 chance of getting each one right, no matter how ignorant you are. That said, you need to get 7 out of 10 right to pass, otherwise you will not be able to proceed to the next page and your browser will freeze. Ha ha ha! Just kidding, although if you are using Windows, there's a pretty good chance of that happening anyway. Macs are the bomb-diggity. Bad credit mortgages are like having one bad credit mortgage, only plural. The slightest difference in interest rates on your bad credit mortgages can cost (or save) you tens of thousands of dollars over the course of your home loan. Since millions of Americans have bad credit, there is essentially no difference between bad credit mortgages and regular mortgages for people with no credit issues. Your credit rating is influenced by your history of debt management - how you have dealt with credit card debt, student loan debt, and even outstanding balances with phone or utility providers. George Steinbrenner, shipbuilding magnate, principal owner of the New York Yankees and all-around lunatic, once mulled a career in the bad credit mortgages business. If you have a history of bad credit, mortgages are much more difficult to find. The rates you qualify for with countrywide mortgages will generally fall within the same parameters, regardless of where in the United States you live. It is wise to seek multiple opinions from a variety of lenders when it comes to bad credit mortgages. Agreeing to the first deal offered to you is often catastrophic (at least financially). Bad credit mortgages are the official home loans of Major League Baseball. In the United States, last year alone, over five million applications for bad credit mortgages were filed through various mortgage lenders. Answers: 1) True (kind of obvious). 2) True. 3) False. 4) True. 5) False. 6) False. 7) True (generally). 8) True. 9) False (come on). 10) False (Most likely. We just made up that figure, and theoretically it could be exactly right, but the odds are not good. How the hell should we know? Yeah, yeah...we could always do some research. But we're financial professionals! Too busy counting our cash to worry about the small stuff, and by small we mean anything not pertinent to me). For more help on home mortgages and second mortgages, explore the rest of our site and the "related resources" section. There, you can learn all about bad credit home mortgages and even bad credit history mortgages as well. Sat, 26 Jul 2008 15:00:00 EDT http://www.aboutsecondmortgages.com/mortgages/bad-credit-history-mortgages.html bad credit history mortgages are great, great, super en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 http://www.aboutsecondmortgages.com/mortgages/bad-credit-home-mortgages.html bad credit home mortgages are for real en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0