Bad Credit Lo Mortgage Refinance
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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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In debt and shameless
A young man interviewed on Radio 4 said he was 'maxed up' on all his credit cards. There was no shame in his voice. In fact there was pride. He seemed to think it was cool to be in debt,
Is this not the perfect marriage of ancient and modern? There is now a website that compares petrol prices at your local filling stations. This modern development is a breakthrough for ancient, or at least older, people, they being the only ones who care about petrol prices. Until now, for example, my parents-in-law have had to drive all around Hampshire in search of the cheapest petrol: they have a theory that the nearer you get to Portsmouth the lower the prices. Such is their obsession they've been known to drive miles out of their way, if necessary into the next county, just to save a few pence by filling up at a cheaper pump.Household debt set to rise further after rate increase
Like most in the financial markets, the building societies were expecting rates to stay put. However, this afternoon the Bank of England’s Monetary Policy Review Committee (MPC) announced a surprise increase in UK interest rates, setting the new rate up 0.5 percent to 4.75 percent. Today's rise is likely to mean trouble for many households at a time when debt in the UK has reached record levels. In the past few days, both Barclay’s and HSBC have highlighted Britain’s increase in bad debt in there financial earnings reports.
Barclay’s said it had set aside more than £1bn over the first half of the year to cover bad debt – an increase of 50% - with it citing a significant increase in the number of customers unable to meet payments for credit card bills.
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