Tuesday, December 28, 2010

Yippee! 95 Remortgages If You Don't Have Bad Credit

If you don't have bad credit and your credit is great, you can still put down as much as possible to lower the monthly payments or decrease the total loan time.

Above all else, don’t lie to your lender. If you tell them you are a supervisor of a power plant and they find out you are a UPS man who has only had the job for 6 months, you will be totally screwed. Be honest and your lender will do their best to work with you. Getting credit is that simple.

Monday, December 20, 2010

5 Tips on Getting Those Mortgages Approved

How good is your credit? Get copies of all of your credit reports from the 3 major consumer reporting companies and check each one for errors.

Many times they have errors that can be corrected in just a few weeks and that helps boost your score. If you have credit cards, pay them off as well as any other outstanding bills.

A nice large down payment will always improve your chances of being approved for a remortgage. If your credit isn’t completely top notch, the bigger the down payment, the more likely you will get improved.