Submitted 22nd October 2005
Credit Champion is a growing consumer resource for people with bad credit. We update mortgage rates weekly and continue to add content!
Consider the savings! Have you ever thought about how much money you can save by refinancing? These are just a couple of examples demonstrating how dramatic the savings can be with just a single percent drop in the rate you pay on your mortgage. The actual savings could be significantly more depending on the size of your loan, your current rate, and the rate a refinance lender might offer. It's worth a shot, AND you can take cash out during the refinance process to use for any purpose. Go ahead and apply with us to refinance today to start saving money!
Even if you have credit problems, you may qualify for a conventional mortgage. Mortgages are secured by collateral (your home), but you may receive a slightly higher inerest rate than someone with good or excellent credit. Types of mortgages include mortgages for first time buyers, refi, energy mortgage, interest only mortgage, fixed rate conventional (15 year, 30 year, etc) and adjustable rate (ARM). Other types of home loans include 2nd mortgage, vacation property (second home), 125 home equity or HELOC, and cash out refinance just to name a few. So, this remains an excellent time to refinance your mortgage loan. By refinancing, you may lower your monthly payments by taking advantage of lower interest rates than you are currently paying.
Credit Card Basics
Any credit card will cost you something, but depending on the terms and conditions, some are more costly than others. When evaluating a credit card offer, there are some points to consider.
Home Equity Loans
A home equity loan referred as a second mortgage is a loan for a fixed amount of money that must be repaid over a fixed term. Generally, a home equity loan carries a fixed rate of interest, requires equal monthly payments that repay the loan.
If you carry a large amount of debt, one of the easiest ways to reduce spending is to lower the cost of the debt. There is a number of ways to reduce the cost of your debt, along with the positive and negative aspects of each.
An auto loan is an extension of credit designed to fund the purchase of an automobile. The lender loans you money at the time of purchase, and you agree to repay the loan by making monthly payments for a number of years.
On Dec 4, 2003, President Bush signed the Fair and Accurate Credit Transactions Act of 2003, amends the Fair Credit Reporting Act. This legislation is intended to stem the growing problem of identity theft and to improve the accuracy of consumer records.
Credit Repair Assistance
Lexington Law Firm is a real law firm. When you retain Lexington Law Firm you complete a legal retainer agreement which provides you all the protections and assurances of an attorney/client relationship.