Sometimes, credit problems can seem insurmountable. While the average consumer hopes to increase their credit score so they can shave a few percentage points off their mortgage rate or get a low interest credit card, there are many consumers whose credit rating essentially excludes them from the credit game entirely. They are being denied loans at any interest rate and the dream of owning their own home is nothing more than that; a dream.



It is people in this category that have lost… Continue

Is Your 700 Credit Score High Enough to Refinance your Mortgage?

With interest rates on home loans rates falling, homeowners are flocking to lenders with hopes of refinancing their home loans at a lower interest rate and saving loads of cash in the process. On a $250,000 30 year loan, refinancing from an 8 interest rate to the record lows in the 5 range that were reported in early January, 2009 would reduce monthly mortgage payments by nearly $500. Over the course of the entire loan, this… Continue