Suprime crisis lingering on

[seneca]

I would like to have some tips and ideas of how a home buyer could secure the best loan and best house in this uncertain times when the effects of the subprime crisis lingers on.

[tiara]

I had to admit that I do not have a clear idea what the subprime crisis is about. Can you explain it in simple terms

[lara]

Prime means good, premier customers. So subprime simply means lousy customers (usually with bad credt). Banks and loan providers has lend out billions of $ at high interest rate (of course) to these borrowers who subsequently default - so the subrpime crisis is born.

Hope this clarifies

[myope]

You can try looking up lone comparison sights to get a good deal but as for the house, I can only sagest just looking in the dark crevasses of the market and keep all eyes open. Sorry.