What kind of home do you want or need? Before you get out there and start looking at houses, it's a good idea to determine not only what you want...
Finding what is on your credit report
A credit report is basically a file about you kept by lenders and banks. As annoying as it may be, it's still perfectly legal for them to gather all...
Your Debt to Income RatioTo stay out of debt, you must spend less money than you earn. Implementing this financial plan is often more difficult than it would seem. Your debt...
Get a Home Equity LoanWhich way is best to tap into your home equity? There are several options, and a few things to consider, when deciding which right for you. If the...
Bad Credit Auto DealersA lot of people can go to any dealer they want and buy a car. When you have bad credit, you do not have that luxury. The majority of auto dealers do...
Refinance Your Mortgage
Jump Start My Credit has several different refinance options to serve you. Only by carefully evaluating all of the options can you make an informed decision. Let’s go over several of your mortgage refinance options:
Home Equity Line of Credit (H.E.L.O.C.)
A HELOC is a line of credit on your equity, just like the name implies. The true beauty of a HELOC is that you can use it like a credit card, or a checking account. It is possible to open a line of credit on your home, and not use the entire line right away. By doing this, you have access to thousands of dollars with very short notice. Some people use HELOCs for investments, to pay unexpected bills, to consolidate high interest debts, to pay off medical bills or legal fees, or to go on vacation. With a HELOC, lenders typically give the borrower(s) a check book and/or a credit card that will take money directly from the unused credit line.
Debt Consolidation
Debt consolidation mortgages are set up for the sole purpose of combining high interest and high payment debt into one low monthly payment at a better interest rate. The equity on your home serves as the loan collateral, and the payment and interest rate are usually fixed.
Mortgage Refinance
With mortgage rates still at historic lows, it is easy to see why borrowers are locking in low rates now, while they still can. Most refinance loans serve one or more of these three purposes: 1. Cash Out, 2. Lower Payment, 3. Lower Rate. It is often possible to pull a lot of cash out at closing, while locking in a lower rate then you have now, and lower your monthly payment.
Do not wait for mortgage rates to go back up. Apply today with Jump Start My Credit and start saving money. Get up to four loan offers by filing out one easy application. After that, all you have to do is pick the best loan.
Bad Credit
JumpStartMyCredit.com works with lenders that help with all types of credit. If you are scared about being turned down, don’t be. If there is a way to get your loan approved right now, our lenders will find it. If your credit seems beyond help right now, you might also consider using the Credit Repair and Debt Settlement services offered here at JumpStartMyCredit.com.
