http://www.seadreaminc.com/blog/marine-industry/applied-391450-boat-loan Get the Latest News on All Things Boating Sat, 05 Dec 2009 20:19:42 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.seadreaminc.com/blog/marine-industry/applied-391450-boat-loan/comment-page-1#comment-80 Matthew C. Kriner Sat, 05 Dec 2009 20:19:42 +0000 http://www.seadreaminc.com/blog/?p=24#comment-80 Nevada, California, Arizona, and Florida are particularly hit hard. Part of the problem that has been created was due to the sub prime crisis that was created when major banks started to issue lots of risky credit, and then insured those loans with credit default swaps. They were duped into thinking that they would be able to refinance their home in 1-3 years because their home would appreciate. If you have bad credit and are trying to find a way to refinance your home loan, you would do best to try to talk with your current mortgage loan servicer and see if you can work out a loan modification. Nevada, California, Arizona, and Florida are particularly hit hard. Part of the problem that has been created was due to the sub prime crisis that was created when major banks started to issue lots of risky credit, and then insured those loans with credit default swaps. They were duped into thinking that they would be able to refinance their home in 1-3 years because their home would appreciate. If you have bad credit and are trying to find a way to refinance your home loan, you would do best to try to talk with your current mortgage loan servicer and see if you can work out a loan modification.

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