Are you starting to consider buying a home? If so you have probably heard how important your credit score is in obtaining a mortgage. It is possible that you may have been previously turned down for a home loan because of your poor credit. Or that you have pulled your credit report to realize that..
Tag: refinancing your mortgage - page 2
Are you looking into financing the purchase of a new home? You may be overwhelmed at the possibilities that exist within the mortgage industry. There are numerous options and channels that can be used to obtain a mortgage. In this article we will focus on two specific areas, mortgage brokers versus banks. Mortgage brokers work..
There are times when an individual’s credit rating doesn’t match their intentions. When a borrower has met with the unexpected in life such as a divorce, medical bills, job losses or poor money management it can wreak havoc on their opportunities to get financing. This can deter many individuals, especially when wanting to obtain a..
Interest rates are at historic lows. More homeowners than ever before are considering refinancing. Think about it interest rates in 1998 for a 30 year fixed mortgage were on average about seven percent; today interest rates sit at an average of between three and three and a half percent. That is a huge savings for..
Let’s face it most of us are not the ideal borrower. We don’t all have good credit ratings, substantial down payments, low debt to income ratios and more. In fact most borrowers have credit problems and obstacles to overcome when trying to meet lender requirements especially when seeking to refinance or to obtain a new..