When your car loan payments are too high and you find yourself in a tight situation, it is wise to consider guaranteed auto refinancing loans. Even when your credit situation is not satisfactory, you can qualify for a guaranteed auto refinancing loan. There are banks, dealers and companies willing to refinance your loan at a low interest rate. Guaranteed auto refinancing is a practical method of saving money and reducing the heavy monthly installments for your car.
Guaranteed auto refinancing is usually granted without credit checks to those who are permanently employed. The most popular guaranteed auto refinancing loan is the plan that assures low interest loans with no deposit. To those with bad credit, guaranteed auto refinancing is provided at a higher rate of interest.
Before refinancing a car loan, it is essential to compare rates and terms from various lenders. There are numerous agencies that can help one to locate banks and lenders offering guaranteed auto refinance. Car loan refinancing has become immensely popular with the fall in interest rates. Persons with bad credit can apply for guaranteed auto refinancing that can lift them out of a state of bankruptcy.
Refinancing is worthwhile only if there is considerable savings from this procedure. If there is only a short amount of time left, you cannot save much even if the interest rates are low. Before you decide to refinance your loan even though it is not a very conducive option, consider extending your loan term, which will lower your monthly payment.
Like any other form of loan, consider refinancing a car loan only after serious thought. You can check the loan offers available and compare it with the loan you already have. It is better to consult someone who can advise you on this matter.
Auto Refinance provides detailed information on Auto Refinance, Bad Credit Auto Refinance, Refinance Used Auto Loans, Auto Refinance Calculators and more. Auto Refinance is affiliated with Car Refinance.
Article Source: http://EzineArticles.com/?expert=Seth_Miller
Saturday, November 3, 2007
Mobile Home Refinance - Where Can I Refinance A Mobile Home
A mobile home is often a large investment or asset for many people as well as being their home. Sometimes it may need to be refurbished or the owner needs a lump sum of money for another investment. Or they simply want to get a better interest rate on their current mortgage. In this case they wonder if they can refinance their mobile home to serve this purpose. This article will discuss how to get a mobile home refinance and some of the issues concerning it.
First up when it comes to financing, there is a difference between a mobile home and a manufactured home. A mobile home is any dwelling built prior to the 1976 US Department of Housing and Urban Development (HUD) Code enactment. The 1976 HUD Code is essentially a set a stringent requirements on the construction of the mobile/manufactured home. It was designed to ensure that there was some uniform quality control over manufactured homes being built. This included a high standard in plumbing, heating, fire and wind resistance, and that the home was transportable.
Mobile Homes that are pre 1976 are pretty hard to get refinance on because they don't adhere to the HUD guidelines. There are institutions that will lend on this type of home but the lending criteria to satisfy the refinance will be strict.
Even with manufactured homes after 1976, the standards for refinance and mortgages in general is higher than a stick built house. General guides are that you need a credit score of 640 or more. The loan to value of the refinance will be a maximum of 95% but normally will be around 80%. The home has to be owner occupied.
The refinance rates will not only depend on your personal financial history but on the type of manufactured home. For example, the size of the home may be a factor. Whether it is single wide or double wide determines how it can be moved and can influence the interest shown by lenders. If the land that the manufactured home resides on is owned by the owner this will affect the type of loan you are applying for.
If you don't own the land, the loan will be described as a chattel loan. This effectively means that the manufactured home is not real estate but a movable piece of property. A manufactured home on land is generally worth more than if it was on rented land and will be easier to refinance.
There is increasing interest by lenders in manufactured home refinance and mortgages because more people are attracted to these types of homes as traditional house prices get out of reach of the average family income. This bodes well for manufactured or mobile home owners because increased competition means better products and better interest rates. Shop around before you decide on a mobile home refinance.
Find more details on manufactured home refinance at http://www.homerefinancenloans.com/ Adrian Whittle writes on ideas for generating finance for all types of homes and financial situations, including second mortgage refinance.
Article Source: http://EzineArticles.com/?expert=Adrian_Whittle
First up when it comes to financing, there is a difference between a mobile home and a manufactured home. A mobile home is any dwelling built prior to the 1976 US Department of Housing and Urban Development (HUD) Code enactment. The 1976 HUD Code is essentially a set a stringent requirements on the construction of the mobile/manufactured home. It was designed to ensure that there was some uniform quality control over manufactured homes being built. This included a high standard in plumbing, heating, fire and wind resistance, and that the home was transportable.
Mobile Homes that are pre 1976 are pretty hard to get refinance on because they don't adhere to the HUD guidelines. There are institutions that will lend on this type of home but the lending criteria to satisfy the refinance will be strict.
Even with manufactured homes after 1976, the standards for refinance and mortgages in general is higher than a stick built house. General guides are that you need a credit score of 640 or more. The loan to value of the refinance will be a maximum of 95% but normally will be around 80%. The home has to be owner occupied.
The refinance rates will not only depend on your personal financial history but on the type of manufactured home. For example, the size of the home may be a factor. Whether it is single wide or double wide determines how it can be moved and can influence the interest shown by lenders. If the land that the manufactured home resides on is owned by the owner this will affect the type of loan you are applying for.
If you don't own the land, the loan will be described as a chattel loan. This effectively means that the manufactured home is not real estate but a movable piece of property. A manufactured home on land is generally worth more than if it was on rented land and will be easier to refinance.
There is increasing interest by lenders in manufactured home refinance and mortgages because more people are attracted to these types of homes as traditional house prices get out of reach of the average family income. This bodes well for manufactured or mobile home owners because increased competition means better products and better interest rates. Shop around before you decide on a mobile home refinance.
Find more details on manufactured home refinance at http://www.homerefinancenloans.com/ Adrian Whittle writes on ideas for generating finance for all types of homes and financial situations, including second mortgage refinance.
Article Source: http://EzineArticles.com/?expert=Adrian_Whittle
Refinancing Your Home After Bankruptcy
Six months after your bankruptcy closes, you can begin the process of refinancing your home. Refinancing your home after bankruptcy can rebuild your credit in as little as two years, and if necessary, provide you with cash at closing.
Rebuild Your Credit
If you are considering refinancing your home after bankruptcy, the first thing you will want to do is begin repairing the damage that has been done to your credit. The easiest way to do this is to make sure you pay all of your bills, including your current mortgage payment, on time. You may also want to open a new credit card account and charge on it regularly. Just make sure that you pay off the balances before interest charges accrue.
Find the Right Lender
When refinancing a home after bankruptcy, it is very important to find the right lender. The lender you choose will determine your eligibility for different loan program, the interest rates you pay, and the total cost of your refinance. Take time to shop around and find a lender that is willing to look out for your best interests and work for you.
Pick a Good Refinance Loan Program
Nowadays, there are many different types of refinance loan programs. You can choose from short term loans, long term loans, adjustable interest rates, and fixed interest rates. You can even choose a cash-out refinance that gives you cash at closing. If you are refinancing your home after bankruptcy, be sure to find a loan program that fits your needs and financial goals.
For a list of Recommended After Bankruptcy Mortgage Refinance Lenders Online, visit http://www.abcloanguide.com, an informational website about various types of loans.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
Rebuild Your Credit
If you are considering refinancing your home after bankruptcy, the first thing you will want to do is begin repairing the damage that has been done to your credit. The easiest way to do this is to make sure you pay all of your bills, including your current mortgage payment, on time. You may also want to open a new credit card account and charge on it regularly. Just make sure that you pay off the balances before interest charges accrue.
Find the Right Lender
When refinancing a home after bankruptcy, it is very important to find the right lender. The lender you choose will determine your eligibility for different loan program, the interest rates you pay, and the total cost of your refinance. Take time to shop around and find a lender that is willing to look out for your best interests and work for you.
Pick a Good Refinance Loan Program
Nowadays, there are many different types of refinance loan programs. You can choose from short term loans, long term loans, adjustable interest rates, and fixed interest rates. You can even choose a cash-out refinance that gives you cash at closing. If you are refinancing your home after bankruptcy, be sure to find a loan program that fits your needs and financial goals.
For a list of Recommended After Bankruptcy Mortgage Refinance Lenders Online, visit http://www.abcloanguide.com, an informational website about various types of loans.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
No Closing Cost Mortgage Refinancing is Just a Gimmick
If you’re in the market to refinance your mortgage you’ll find several national banks and mortgage companies bragging about their “no cost” mortgage loans. Are these loans truly “no cost” or are there really no free lunches when it comes to mortgage loans? Here are several tips to help you avoid overpaying when refinancing your home loan.
What does “no cost” mortgage refinancing really mean? Banks and mortgage companies never waive their fees; they simply offset them by marking up the interest rate. This is true of flat fee mortgages and the supposed no-fee refinancing offers you see on television. Advertisements promising a flat $395 fee or zero cost loans are never telling the whole truth about the loans. These offers are simply gimmicks used to trick homeowners into accepting loans with hyper-inflated interest rates.
Most mortgage companies and brokers slip .5% - .75% markup of your mortgage rate for their commission; however, these “no cost” loans typically and another .5% to this unnecessary markup known as Yield Spread Premium. This hyper-inflated mortgage rate means that you’ll pay more every month you keep the loan than if you had simply paid your closing costs. Depending on the amount of your loan this could add up to thousands of dollars every month!
This deceptive marketing is practiced by nearly every bank, Mortgage Company, and mortgage broker in the United States. When it comes to refinancing your mortgage there are truly no free lunches when it comes to flat-fee and no cost mortgage loans. You can learn more about your mortgage refinancing options including costly pitfalls to avoid with a free mortgage toolkit.
To get your FREE Mortgage Refinancing Video Toolkit, visit RefiAdvisor.com using the link below.
Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this "Mortgage Refinancing Toolkit," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com.
Get your free mortgage refinancing tutorial today at: http://www.refiadvisor.com
Refinance Two Percent Lower
Article Source: http://EzineArticles.com/?expert=Louie_Latour
What does “no cost” mortgage refinancing really mean? Banks and mortgage companies never waive their fees; they simply offset them by marking up the interest rate. This is true of flat fee mortgages and the supposed no-fee refinancing offers you see on television. Advertisements promising a flat $395 fee or zero cost loans are never telling the whole truth about the loans. These offers are simply gimmicks used to trick homeowners into accepting loans with hyper-inflated interest rates.
Most mortgage companies and brokers slip .5% - .75% markup of your mortgage rate for their commission; however, these “no cost” loans typically and another .5% to this unnecessary markup known as Yield Spread Premium. This hyper-inflated mortgage rate means that you’ll pay more every month you keep the loan than if you had simply paid your closing costs. Depending on the amount of your loan this could add up to thousands of dollars every month!
This deceptive marketing is practiced by nearly every bank, Mortgage Company, and mortgage broker in the United States. When it comes to refinancing your mortgage there are truly no free lunches when it comes to flat-fee and no cost mortgage loans. You can learn more about your mortgage refinancing options including costly pitfalls to avoid with a free mortgage toolkit.
To get your FREE Mortgage Refinancing Video Toolkit, visit RefiAdvisor.com using the link below.
Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this "Mortgage Refinancing Toolkit," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com.
Get your free mortgage refinancing tutorial today at: http://www.refiadvisor.com
Refinance Two Percent Lower
Article Source: http://EzineArticles.com/?expert=Louie_Latour
Debt Consolidation Refinance - Is It Your Solution To Getting Out Of Debt?
With today's lifestyles it has never been easier to find yourself getting into some serious debt. With numerous credit cards, loans, and other items, things can get away from you before you realize it. This is when debt consolidation refinance can help you with your finances. Here's a look at how this works.
Debts can be looked upon in two ways; you have your good debts and bad debts. Good debts are things such as a home loan which will give you a solid return on your money. Bad debts are things which leave you with little or nothing to show for it, like a credit card.
Debt consolidation has really become popular today, evidenced by all the commercials you see about it on TV. Consolidating your debts and turning them into one single payment each month can save you countless amounts of money on interest fees alone. The key will always be in not letting yourself start the cycle all over again. Once you have paid off the bad debts don't get the credit cards back out and max them out again.
What is debt consolidation refinance?
Debt consolidation refinance is using money to pay off the bad debt and achieve a fresh start. One of the best ways to do this is through a home equity loan. Using a portion of the equity you have built up in your home to pay off credit cards, student loans, medical bills, boat payments and other high interest charges makes good financial sense.
Getting a home equity loan is not difficult, regardless of your credit history because it uses your home as collateral in the event you were to default. Debt consolidation refinance works great with this type of loan since the APR on a home equity loan is much lower than that of charge cards. More of your payment amounts are going toward the principal instead of interest.
I would encourage you to find out more about debt consolidation refinance. You can search online and find many different websites that can help you with obtaining a loan and helping you out. It can be your start on getting out of debt.
By the way, you can find out more about Debt Consolidation Refinance as well as much more information on everything to do with home refinancing at http://www.HomeRefinancingA-Z.com
Article Source: http://EzineArticles.com/?expert=Terry_Edwards
Debts can be looked upon in two ways; you have your good debts and bad debts. Good debts are things such as a home loan which will give you a solid return on your money. Bad debts are things which leave you with little or nothing to show for it, like a credit card.
Debt consolidation has really become popular today, evidenced by all the commercials you see about it on TV. Consolidating your debts and turning them into one single payment each month can save you countless amounts of money on interest fees alone. The key will always be in not letting yourself start the cycle all over again. Once you have paid off the bad debts don't get the credit cards back out and max them out again.
What is debt consolidation refinance?
Debt consolidation refinance is using money to pay off the bad debt and achieve a fresh start. One of the best ways to do this is through a home equity loan. Using a portion of the equity you have built up in your home to pay off credit cards, student loans, medical bills, boat payments and other high interest charges makes good financial sense.
Getting a home equity loan is not difficult, regardless of your credit history because it uses your home as collateral in the event you were to default. Debt consolidation refinance works great with this type of loan since the APR on a home equity loan is much lower than that of charge cards. More of your payment amounts are going toward the principal instead of interest.
I would encourage you to find out more about debt consolidation refinance. You can search online and find many different websites that can help you with obtaining a loan and helping you out. It can be your start on getting out of debt.
By the way, you can find out more about Debt Consolidation Refinance as well as much more information on everything to do with home refinancing at http://www.HomeRefinancingA-Z.com
Article Source: http://EzineArticles.com/?expert=Terry_Edwards
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