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 · Banking, Mortgages, Real Estate
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 · Banking, Bankruptcy, Consumer Debt, 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 · Consumer Info, Mortgages, Real Estate
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. But [...]
Tags: credit·credit report inquiries·credit report scoring·dispute inquiries·Free Credit Report·hard inquiry·soft inquiry
