http://www.mortgagepirate.com/mortgage/n9.html Bad credit mortgage loans are reserved for the dastardly, the dangerous, and the pirates who like to ROCK! That be me, and that be many of ye. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Are ye brave enough to find yerself 'neath me fiery blade? I've got some tales to tell about bad credit mortgage loans, but this be neither the time nor the place fer the likes of them. This be a time to follow the Pirate and go carousing about the cyberseas in search for bad credit booty! Yer bad credit mortgage loans be mine cup of grog Aaaaarrrrgggggg! I feels good when I talks about bad credit loans - yer me people, real financial pirates the lot of ya. But if yer thinkin' about bad credit mortgage loans, even the most vile pirates among us can't afford to be avoidin' our mortgage payments. Like theives in the darkest night, like the four horsemen riding with their deadlights of fire across the waves of my briny home - yer bad credit mortgages will stop at nothing in tearing you apart limb from bloody limb, lest you be takin' em seriously. And ye will, yer not a true pirate if ye don't live by the rules. take me, I have me letter of marque from the queen lass herself, an' in her eye I be just and true in me quest fer low rates. So what type of bad credit mortgage loans are there, eh? Plenty. Bad credit mortgage loans are makin' up a huge part of the mortgage industry, to be sure. This country be full of credit delinquents and various Nascar rabble who be needin' bad credit mortgage loans, and to be sure ye can all find a loan to match yer financial mettle. Some merry examples of bad credit mortgage loans be: the interest only loan, where ye be payin only interest fer the first years of yer loan. Yer principal is set to the side, if yer catchin' me drift, and yer monthly payments be lower at the outset, meaning yer payments are easier and you can be qualifyin' easier and fer more money. A fine tool to be sure, yet a real sword in teh gut if yer not prepared for the future increases in rates. Beware! the zero-down loan is another option for yer bad credit mortgage loans, and the name be explainin itself. I be the Mortgage Pirate, and ye best be listenin' when I says the title, zero-down, can be decieving! Yer payin more in future rate increases or hidden fees, or my name ain't Mortgage Pirate! D'arrrgg! various ARM' s also cater to those unfortunate beggars needin' bad credit mortgage loans. They all be abidin' by similar rules and means - lower initial rates so you qualify easier and make lower initial payments - but the lot of 'em carry future increases in the rate, and lest yer prepared these increases can be yer certain mortgage doom! Aye, if yer likes me and yer needin' a scribe to write fer ya cuz you lacks the brains fer letters, you best be makin' someone else read yer mortgage terms. Fear the day when ye be signin' a loan without readin the fine print first, and understandin' every letter of yer contract. Fer example, when a scurvy whelp signs up for a berth aboard the Revenge, I makes 'em sign a contact of sorts. 'Cep one of my last rules be stating, and I quote with the aid of me scribblin' eunuch, "By signin' me contract ye be pledgin' yer legs to a lead weight, then tossed overboard to the fishes and octopron." Aye, tis a fun day when a feller signs me first contract, yet every pirate aboard me ship had the wherewithall to read every word, and ye be needin' to read as well. Do it fer yer financial ssake, me hearties! You'll be thankin' the Pirate in the end! Sat, 26 Jul 2008 15:00:00 EDT