Home Refinance

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"We Help People with Bad Credit"

Home Refinancing * Home Equity Loan * Loan Modification

Maybe you bought your home when rates were higher. Or you have an adjustable rate mortgage and would like to change it to a permanent fixed rate.

Or… maybe you are not interested in a total refinance at all. You would just like a loan that only uses the equity you have in your home. These are called Home Equity Loans, or Second Mortgages.

Or... you could be one of many homeowners across the country that are currently behind on their payments and need some sort of loan modification and restructuring.

In any of these cases... there are lenders who specialize in helping people with bad credit obtain Mortgage Refinancing Loans and Home Equity Loans.

If you are interested in refinancing your mortgage the basic process is similar to what you went through when you originally obtain the mortgage to buy your home.

Know What Questions to Ask:

With all loans there’s a little more involved than just simply asking "What's your interest rate?" But this is especially true with a loan that involves your home!

A lender could tell you the rates are at an all time low of 5%. But also ask them:

*Is there an origination fee involved?

*Are there points involved, if so then how many points? (A point is 1% of the loan amount. So if the mortgage amount is $100,000, and they start talking 2 or 3 points… that is additional closing fees that can add up quickly)

*Is there a pre-payment penalty fee, if you pay the entire loan off early? (It’s also a good ideal to check with your current mortgage company before your refinance to see if they have a pre-payment penalty)

All mortgage companies are required to give you a written itemized estimate of your total closing cost. It’s call a Good Faith Estimate, and it is very important that you have it faxed, mailed, or emailed to you before you commit to anything.

Never be in a hurry to get the money. Take time to review their terms. Shop around. Get Good Faith Estimates from at least 3 companies and compare each one.

Here are some other common questions one may ask:

Q. Should I lock-in my loan rate when I apply for a mortgage loan?

A. No one knows for sure how interest rates will move at any given time, but your lender may be able to give you an estimate of where they think mortgage rates are headed. If interest rates are expected to be volatile in the near future, you may want to consider locking your interest rate if rising rates will no longer allow you to qualify for the loan. If your budget can handle a higher loan payment or if the lenders lock fee seems excessive for your means, you might want to consider allowing the interest rate to 'float' until the loan closing.

Q. Should I choose the lender with the lowest interest rate and costs?

A. There are primarily two things to consider when choosing one lender over another: the quality of service being provided and the cost of services provided. Quality of service is especially important to those who have never purchased a home. First-time homebuyers will likely have many questions regarding the financing process and available loan options. But you are a current homeowner looking to refinance, or pull some cash equity out of your home.

When comparing lenders, ask each lender several questions before you commit to any loan. Simply see if they are patient enough to answer your questions. A good lender should be able to get you through the financing process leaving you confident that you made a sound financial decision. If after a few questions you do not feel comfortable with the lender, simply try someone else.

Consumers Info USA wants to remind you... that you are never obligated to accept any loan simply because you completed an application.

Before you accept a loan make sure you understand the terms, and the rates, and exactly what your total monthly payments are.

Then you decide if you can comfortably afford to make the payment!

Yes… You Can Refinance your home. Or Restructure your current mortgage!

Simply click on the banner below:
FREE APPLICATION! NO OBLIGATION!

Complete one short application, and receive offers
from different companies competing for your business.

Then you decide with is the best deal for you!
No one will contact you, this will all be via email

We recommend you create a free email account like yahoo, or
hotmail. Use that to receive and respond your home loan offers.

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We are members of Consumers Info USA.
Over 10 years online! We help people who have negative
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