With mortgage interest rates dipping to historic lows, many homeowners may be asking this very question; should I jump on the refinance bandwagon now? The answer will naturally be contingent on a number of factors, first and foremost your ability to qualify considering tightened lending standards, along with the equity (or lack thereof) available in [...]
Entries from December 24th, 2008
Rates Rally to Record Lows: Is it Time to Refinance?
December 24th, 2008 · 1 Comment · Mortgages
Tags: great interest rates·home loan·housing market·mortgage refinancing·reduce monthly payments·refinance
Credit Card Debt-Ridden Consumers in U.K. to Get “Breathing Space”
December 23rd, 2008 · No Comments · Bankruptcy, Credit Cards
The United Kingdom (U.K.) payments association, APACS– along with some of the major players in the credit card industry– met with the British government last week to outline a new industry standard restricting the imposition of interest rate increases for debt-ridden customers, while providing help for those struggling with their finances. APACS (Association for Payment [...]
Tags: APACS·credit card default·Credit Cards·debt·economic times·struggling finances·UK credit industry
USDA “No Money Down” Home Loans Available– Act Quick!
December 22nd, 2008 · 3 Comments · Mortgages
With the credit crunch continuing the tightening of the noose on lending buyers need to be diligent and perhaps even creative at finding financing for home purchases. I suppose borrowing money from the U.S. Department of Agriculture (USDA) would fall into the creative category; don’t they regulate foodstuffs, crops, porky pig or something of that [...]
Tags: 100%financing·home loans·Mortgages·no money down·rural development home loan·USDA loan program·USDA loans
Understanding “Inquiries” on Your Credit Report
December 19th, 2008 · 1 Comment · Consumer Debt, Credit Bureaus and Scores, Credit Reports
I recently ordered my annual free credit report and just about jumped out of my skin initially as I reviewed the inquiries section– I didn’t recognize the half of them! Fortunately, the lengthy list of inquiries I didn’t recall were simply “soft inquiries”, and therefore not going to be included in calculating my credit score. [...]
Tags: credit·credit report inquiries·credit report scoring·dispute inquiries·Free Credit Report·hard inquiry·soft inquiry
