California Refinance - Refinancing In CaliforniaWritten by Carrie Reeder
The real estate market in California is booming. Home values continue to appreciate almost on a daily basis. Refinancing your home is an excellent way to take advantage of low interest rates currently being offered by California lenders. The beautiful scenery and warm climate make California and ideal place for families and businesses alike. If you currently live in California and are considering refinancing your mortgage, there are both online lenders and traditional mortgage companies who can give you excellent rates and lower your monthly mortgage payments.
Refinancing your home basically replaces your existing mortgage with a new loan. You can choose either a variable or fixed interest rate and length of your new loan can be up to 30 years. Varying terms and fast approvals make refinancing your California home a smart decision. Refinancing can give you extra money each month due to potential decrease in your monthly mortgage payments. If you are paying a high rate of interest on your mortgage, then now is best time to refinance your home in California.
California is a great place to own a home. The business community is thriving and sun swept landscape is breathtaking. Mortgage lenders can generally provide home loans in all states, so choosing a lender that will refinance your California home is easy. Online lenders can give you quotes from multiple mortgage companies with one simple application. By completing a short application, you could be contacted by lenders who are anxious to approve your California refinance loan in just hours. Many lenders are offering zero point loans and low cost refinancing. Even with bad credit, you can refinance your California home.
Buying A Home With Bad Credit - Get Approved With A Recent Bankruptcy Or ForeclosureWritten by Carrie Reeder
A few years ago, if you had a bankruptcy or a foreclosure on your credit report, you could forget about trying to get a mortgage loan. If you were lucky enough to find someone who would finance you, your interest rate would be through roof and plan on putting 10-20% down.
But today, this is not case. There are many programs available today to help people who have recently suffered a bankruptcy or foreclosure to get a mortgage loan or mortgage refinance loan.
There are two things to do if you are in this situation:
1. Get yourself a free copy of your credit report from all 3 major credit bureaus, look over everything, do you see any mistakes? Make sure everything included in your bankruptcy or foreclosure reports accurately on your credit report. Make sure those accounts involved in a bankruptcy or foreclosure are not showing something else like collection or charge-off.. That could make your score much lower than it needs to be. If you have a bankruptcy or foreclosure, you want everything involved to say so, so it is all under 1 circumstance, instead of many. You can dispute all errors on your credit report online nowadays. It takes about 15 minutes. You can do it right on website of Equifax, TransUnion or Experian.