Name

Name

Theresa E. Hawkins

Personal details

Location

Amarillo, TX

Web

http://www.candshomes.com/

Short Bio

Even if you are underwater with your mortgage, the new HARP regulations can help you get a new loan. While you may have been turned down before, now you have a second chance. If you qualify to refinance your current mortgage, you may improve your credit score and get a lower interest rate. Make sure that you always keep in touch with your lender, regardless of how dire your finances ever get. Although many homeowners are inclined to give up on a mortgage when the chips are down, the smartest ones know that lenders often renegotiate a loan, rather than wait for it to go under. It can never hurt to speak with your lender to see what they can do for you. Most mortgages require you to make a cash down payment. It's rare these days that qualifying for a mortgage does not require a down payment. You should know what the down payment is before applying. For some first-time buyers, there are government programs which are designed to help. Many of these can lower closing costs, find lower-interest mortgage, or lenders that can help you even if you're credit history and score isn't so great. Always shop around to get the best terms possible before finalizing any mortgage contract. Ask about all fees and charges. Find reviews about different lenders online and speak to family and friends. You will be better able to pick the mortgage that is right for you when you have the details of each offer. Mortgage brokers look at your credit and like to see a few different cards with low balances and not a couple cards with high balances. Try to keep your balances below 50 percent of your credit limit. Whenever possible, strive for an even greater reduction, less than thirty percent.

History

Member for

7 years 10 months