There has been so much negative hype over Subprime loans, that I think that everyone with less than perfect credit should reconsider the loan programs available. First, many lenders have changed there Alternative A programs- which affect people with A- credit; second, not all Subprime loans are bad. Subprime loans were create to help people obtain a mortgage to purchase a home that had very little credit, frequent job changes and little down payment. Without the Subprime market, many people would still be renting.

The problems are: when you are listening to your friends, co-workers an...