It is a ratio the banks use when determining the credit worthiness of a borrower.

Distressed homeowners are quite often people that didn't meet the minimum requirements of home ownership, or reasonable standards of credit-worthiness when they got into the house.

But you must set the groundwork and develop that relationship by showing your good financial management and creditworthiness.

:crazed: But to the point, What you should do is depend on your goals which dictated buy your age, your level of financial comfort, the amount of risk you are willing to take, whether you're looking for building equity or high cash flow and of course your credit worthy.

Factoring receivables is usually small amounts owed from a wide base of debtors or it's a lrager amount owing from a large credit worthy entity and usually unsecured.

In today's environment "subprime" still yields some pretty credit worthy borrowers because banks are freaking insane right now. 1.

You should consider the borrower's experience and track record, their credit worthiness, and the amount of skin they have to put into the game.

If it's a good neighborhood and your tenant is credit worthy, chances are they already use online banking services to pay their bills anyway.

Or at the very least allowing disconted (or no) closing costs on a refi to allow a good borrower get out of a loan to another credit worthy borrowed?

Are you credit worthy?