"In old age we are like a batch of letters that someone has sent. We are no longer in the past, we have arrived."Knut Hamsun
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Bad Credit Mortgage Loan - Get Approved
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 the roof and plan on ...
Don't Want To Refinance Your Current Mortgage But Need Some Cash? Consider A Home Equity Line Of Credit!
A home equity line of credit is becoming a more popular option among home owners who don't want to refinance or take out a second mortgage. A home equity line of credit is like a second mortgage, in that you use your property as collateral for the equity ...
How To Buy Your First Home With No Money Down
The current home buying frenzy has resulted in rapid escalation of home values during the last several years. Certain areas of the country have seen values climb by 100% or more during the last four years. Many first time home buyers have sat on the ...
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I desperately needed credit repair.
My credit stunk. It had for many years. I didn't know that credit repair was actually possible. A 10 year old bankruptcy still showed on my credit reports, as did all the store accounts that I hadn't been able to pay off. Add to that a couple of hospital bills for mega bucks, a judgement, and a mess of incorrect items, and you can see what I was up against.Getting a mortgage or a loan or a credit card was darn near impossible, and if I was successful the interest rates were out of this world.
I thought I had found the answer when I subscribed to a company that taught how to repair your own credit. They had all the letters you needed to send to the credit reporting agencies. "All you had to do" was to mail letters every month, over and over, keep meticulous records, and you were guaranteed an "improved" credit report in a couple years. I sent the letters, got letters back from the reporting agencies saying that they weren't going to remove the items, and I sent off a second letter to the, then a third. No results.
Let me tell you, this was very time consuming, frustrating, confusing and after about five months, I gave up and decided that my credit was always going to be the pits. Every month I spent many hours reviewing where I was ad where I was supposed to be going, credit-wise. And every month I had a $39 subscription bill to pay, and I was doing all the work, and getting nowhere.
About a year went by and then I found something while I was surfing that I thought might actually work. It was an attorney group that specialized in repairing credit. Immediately I thought, well this has to be big bucks. I mean, these are attorneys, right? But the fee was just $29 a month, and they guaranteed to repair my credit without much input from me.
Every three months I would submit a new trimerged credit report so they could see how they were doing repairing my credit. That wasn't very expensive, and it was fun to see what was happening to my credit scores.
This wonderful attorney group managed to remove 18 items from my report in just 3 months. I was amazed at the results, as SEARS and MASTERCARD and others were removed from my reports. The bankruptcy and the judgement disappeared, too. (I had paid those two off a while before, but couldn't get them off my credit report!)
I stayed with them for a year, and now I have incredibly GOOD credit. It was easy, not time consuming, inexpensive and, best of all, it worked! Worth every penny. I was able to refinance my mortgage afterwards and get a rate 2.5 points cheaper than the old one, at a time when mortgage rates were actually rising.
If you need credit repair, you can go the do-it-yourself way, and drive yourself nuts for no results, or you can do what I did and find an attorney group that specializes in repairing your credit. It really can be done at a cost you can handle!
About the author:
Amy Hutton writes on many different topics. Visit her site at http://1betterbyte.com/creditattorneys.html
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 Mortgage rates fall to third straight record low - Associated Press
WASHINGTON (AP) -- Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring. With the Federal Reserve on the verge of pouring hundreds of billions of ...
PersonalFinance: Should you refinance? - Reuters India
WASHINGTON (Reuters) - Mortgage rates have been tantalizingly low and, for many, the decision to refinance has been a no-brainer. The year-end dip in mortgage rates to historic lows prompted a flurry of applications from homeowners wanting to cash in ...
Is It Time To Refinance Your Mortgage? - Forbes
Looking to refinance your mortgage? Do it now. Interest rates for 15- and 30-year fixed-rate mortgages are heading south of 5%, where they haven't been since Richard Nixon was president. Average 15-year fixed-rate loans, for example, are 4.67 ...
Waco banks seeing a boom in mortgage refinance applications - Waco Tribune-Herald
With mortgage rates hitting record lows, Mary Jo Teakell is seeing a growing backlog of refinance applications. “We’re quite busy right now,” said Teakell, senior vice president at Extraco Banks, commenting on the surge in people wanting to get ...
Appraisers sound alarm on part of new federal standards - Arlington Heights Daily Herald
WASHINGTON - When you apply for a mortgage to buy or refinance a house, should you be concerned that your appraiser is being paid much less - maybe just half - of the $300 to $600 you're charged on your settlement sheet? Should you know who pockets ...
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