Archive for the ‘Mortgage’ Category

Cash Out Mortgage Refinance: I Need the Money But I’ve Got Bad Credit Ratings!

Joel Cohen asked: Sometimes liquidating your home equity can be found useful when it is needed for consolidating debt, home improvement or for other expenses. When you contact a bank or financial institution you find that the rates you are quoted are very high due to your bad credit score. Cash out refinance doesn’t have [...]

How Do Credit Ratings Affect a Home Equity Loan Rate?

Joel Cohen asked: Bad credit ratings always have some sort of bad impression on lenders when applying for a loan. Naturally, your best interest is to obtain Prime rates, but due to bad credit ratings your mission is almost impossible. You may still find lenders in the sub prime market that will offer you decent [...]