Bad Credit Finance Mortgage

Home Loan Refinancing Executive Offers Tips to Avoid Getting ...

Miles Masters, Executive Vice President of Advantix Lending, Inc. offers his advice on KTLA-WB Morning News to people interested in refinancing a home loan, but struggling with a bad credit score.

Irvine, CA (PRWEB) 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.

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Warning: Bad credit can blacklist job seekers

Your credit rating. Most people only worry about it when they're applying for a mortgage or credit card. But did you know your bad credit rating could keep you from getting the job you want?

If you're applying for a high-security job or a position with heavy financial responsibilities, the way you have handled your personal finances can color your chances of being hired in these sensitive, accountable situations.

Why is it anyone's business if you have a little 'bounce' in your checks?

Credit rating and job performance -- what does one have to do with the other? Apparently, plenty.

Clifton O'Neal at TransUnion credit reporting agency in Chicago notes: "Studies have shown a correlation between how people manage personal affairs and their job performance, especially if they're in charge of financial information."

It's a fact -- companies are going to snoop into your background.

Mortgage lending reaches new high

New figures show that gross mortgage lending rose to a new record high of £32.2 billion last month, up from £25.7 billion in June last year. The Council of Mortgage Lenders (CML) statistics demonstrate strong consumer demand for the whole range of homeowner loans, including bad credit mortgages and lifetime mortgages. May had also been a record month for the market, with gross mortgage lending reaching £29.1 billion. The 11 per cent monthly rise in June was widely expected because it is traditionally the month when the financial aspect of spring buying activity kicks in. "Today's figure reflects the seasonal rise in house buying, strong house price growth and high levels of remortgaging activity," said the CML's director general, Michael Coogan. He also noted that particular strength in London was also adding to the overall picture and predicted high lending figures in the coming months.

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