If you are struggling with debt, credit and trying to get back on solid ground financially in Philadelphia, you may feel like it is impossible for you to buy a house or vehicle. Fortunately, even individuals who have less than stellar credit and financial profiles can still finance cars and houses. However, that privilege often comes with a steep price in the form of subprime loans.
Problems with subprime loans for cars and housing
Tax protection extended for underwater homeowners
One of the worst consequences of our prolonged economic slump is that the market value of real estate has nosedived. As a result, millions of homeowners now face the difficult reality that the market value of their home is less than the balance of their mortgage. They are underwater homeowners.
