Home Loan Refinancing Executive Offers Tips to Avoid Getting Ripped Off, Even with Low Credit Scores
Irvine, CA (ContentDesk) July 24, 2006 -- The last several years have seen interest rates hit all time lows and real estate values steadily soar. Consequently, the home loan refinancing market has seen plenty of action. Even though mortgage rates have started to rise again, low mortgage rates are still the motivating force that drives most homeowners with good credit to refinance their home loan.
But for people living beyond their means, unable to manage their debt, and facing deteriorating credit scores, possible bankruptcy, or even worse, foreclosure, the purpose and strategy behind home loan refinancing is entirely different. In an interview on a major network television station in Los Angeles, Miles Masters, Executive Vice President of Advantix Lending in Irvine, California, offered some helpful tips on refinancing a home loan with less-than-perfect credit."The first thing homeowners with poor credit need to understand is the interest rate on a refinanced home loan is not all they need to focus on. Consolidating debt, lowering your monthly payments to a manageable level, and improving your credit should also be objectives," said Masters. "Shop around for a loan and get at least three quotes. You will have a better idea of where you stand financially when you know exactly what your credit score is and the value your home will afford you."Masters also suggests looking out for mortgage brokers who want to charge up-front or excessive fees for a refinanced home loan. "This is a clear indication that youre about to get ripped off.
If you have already started the home loan refinancing process and are not comfortable with the loan terms or the fees, stop the transaction. Dont be pressured into a loan that will cost you more than you really need to pay."Finally, Masters suggests shopping around for a no closing costs home loan; this can save thousands of dollars. Once a home loan refinancing plan has been chosen, Miles Masters suggests taking the following steps:*???stick to the plan*???make all payments on time*???avoid unnecessary credit card debtBy following these steps, credit scores should improve within two years. "At that time, you should be able to refinance your home loan at a much better fixed rate," said Masters. For more information on finding the best deal on home loan refinancing with bad credit, call Miles Masters at 800-238-2684 or visit www.AdvantixLending.com.About Advantix LendingAdvantix Lending understands that everyone encounters different situations, and no one is perfect, especially when it comes to less than perfect credit.
Thats why Advantix Lending makes every effort to ensure their customers are treated fairly and honestly. Their philosophy is based on establishing a safe environment that allows people to find a loan without falling victim to mortgage brokers who can and will take advantage of them. Home loan refinancing can be a difficult decision, and Advantix Lendings home loan professionals are dedicated to making the home loan refinancing process that much easier.Press Release Optimization provided by Xeal Precision Marketing.
New Day Trust Lending Opens its Doors ? Focuses on Helping Californians
New Day Trust Lending, an Irvine-based mortgage brokerage firm, opened its doors for business Thursday, February 17th.
Specializing in California sub-prime mortgages, home loan refinancing and debt consolidation, New Day Trust focuses on providing home loan options to those turned away by other lenders.
"Less-than-perfect credit should never be a reason a family can't own a home and pursue their dreams," said Dain Court, CEO of New Day Trust.Court, a University of Southern California graduate, founded New Day Trust because of the frustration he felt for the borrowers at his previous position, a top Orange County mortgage firm.
In his words, "I didn't like turning away the people who needed my help the most."
With that guiding idea, New Day Trust employees focus on refinance and debt consolidation loans to get borrowers back on track. According to Court, "Eliminating overwhelming credit card and other high interest debt is a crucial step in getting...
Refinance > New Day Trust Lending Opens its Doors ? Focuses on Helping Californians
Eliminate Your Credit Card Debt, But How?
Can a debt consolidation loan eliminate your credit card debt? A consolidation loan might (or might not) be the key. There are several things you must consider when making the choice to consolidate debt using a debt consolidation loan. First, is a debt consolidation loan your best choice to eliminate or substantially reduce your debt? There are other options available to you, including credit counseling and bankruptcy. Obviously bankruptcy is a last resort. You must examine several factors when making your decision on which debt reduction / elimination strategy to use.
You need to get information on debt consolidation to make the correct decision.?How much outstanding debt do you have??What is the interest rate of your current debt? Many credit cards have interest rates of 14% - 22%, depending upon your credit rating and payment history. Obviously, the higher your current average interest rate, the better...
Eliminate Your Credit Card Debt, But How?
Refinance > Eliminate Your Credit Card Debt, But How?
Home Equity Loan vs Home Equity Line Of Credit
Many people confuse a home-equity line of credit with a home-equity loan. With so many different kinds of loans it can get confusing. So lets look at the difference so you can get a better understanding of what works best for you.Home Equity Line Of CreditHome-equity lines have experienced unprecedented growth in the past two years and presently represent 80 percent of the home-equity market. A home-equity line of credit is a varible interest rate loan that works like a credit card. You get a pre-determined loan amount that is secured by your home.
Most come with checks and credit cards that you can use to draw on as you need the money. Most lenders only require an interest only payment for either 10 or 15 years. After that the loan must be paid in full. The reality is most people will sell their home and pay the loan off before it actually comes due. You could always refinance if you decide you want to stay in your home.
An important thing to remember on a home-equity...
Home Equity Loan vs Home Equity Line Of Credit
Refinance > Home Equity Loan vs Home Equity Line Of Credit
Quicken Loans? $10,000 Giveaway Offers Many Opportunities to Win Prizes
Livonia, MI (ContentDesk via ContentDesk Direct) March 27, 2006 -- What would you do with $10,000? For most people, the possibilities are endless: pay off your credit card debt, renovate your home, pay your childs college tuition or take a much-needed vacation. Quicken Loans wants to help make your dreams come true, by giving you the opportunity to win $10,000. From March 27 to May 27, you can visit www.quickenloans.com/cashgiveaway once a day to play.
With a simple click of the mouse, you could instantly win either a gift card or movie tickets plus are automatically entered to win the $10,000 grand prize. And, all players receive a $250 discount on closing costs with Quicken Loans on their next purchase or refinance mortgage.
Homeowners also should know that there may be money hidden behind their own doors in the form of equity in their home. Unlocking...
Quicken Loans? $10,000 Giveaway Offers Many Opportunities to Win Prizes
Refinance > Quicken Loans? $10,000 Giveaway Offers Many Opportunities to Win Prizes
Liquidity or Liquidation
Large parts of the world today suffer from a severe liquidity crisis. The famed globalization of the capital markets seems to confine itself, ever more, to the richer parts, the more liquid exchanges, the more affluent geopolitical neighbourhoods. The fad of "emerging economies" has all but died out. Try telling the Macedonians about global capital markets: last year, the whole world invested 8 million USD in their poor country. Breadwinners earn 300 DM a month on average.
Officially, in...
Liquidity or Liquidation
Refinance > Liquidity or Liquidation
Talented Designer Creates Catalogue of Downloadable Batik Art, Ready to Use for Greetings Cards, Wrapping Paper, Notelets or Framed Artwork
(ContentDesk) July 31, 2006 -- After a year in the making, www.batikartinfo.com is ready to bring the world a comprehensive range of downloadable artwork straight to your desktop.The idea is the brainchild of two mothers in the UK, who, after being caught out many times with last minute birthday card requests, decided to create their own range of artwork that can be downloaded, printed off, and turned into cards,...
christmas
Refinance > Talented Designer Creates Catalogue of Downloadable Batik Art, Ready to Use for Greetings Cards, Wrapping Paper, Notelets or Framed Artwork
3 Reasons You Should Attend Seminars
If you have never gone to an online marketing seminar,
you're missing out.
I know what you're thinking...
"Seminars are expensive."
That's true. They are. Some of 'em cost over $5,000.
Even the lower-priced parties are around $2,000.
"It's a pain in the butt to attend."
Again, that's fair. In order to go, you have to get
on a plane and fly somewhere. And you have to take
time from your work and...
Refinance > 3 Reasons You Should Attend Seminars
Adjustable Air Beds
Are you looking to get a great night's sleep? Then you may want to look into what many people have already begun to discover: adjustable air beds take all the mattress comparison testing out of finding the perfect bed. Never again will you have to search for the bed that's just right out of all the beds that are too hard or too soft. Adjustable air beds can be just right ? all the time!
Unfortunately for most of us, we simply get used to the beds that we are currently sleeping...
Refinance > Adjustable Air Beds