To help you recover from your poor credit status, consider refinancing your home mortgage loan to improve your financial situation for the long term. If you want to repay your mortgage loan early, a recent study by the Royal Bank Of Scotland (RBS) may have uncovered a possible solution.
However, if you don’t fancy living in Blackburn, Halifax or Kilmarnock, but want to repay your mortgage loan as quickly as possible, there are other options. Negative items will stay on the credit report up to seven years, but if you make an effort to begin paying back debts, and show you are serious about qualifying for a mortgage loan, then you are yet closer to proving to a mortgage lender that you are both willing and able to pay back a loan.
As many of you already know, consumer debt is at an all-time high, and if you have credit card bills mounting each month it may be time to consider a 125% second mortgage. Many second mortgage companies have has partnered with a home equity lenders to create loan programs specifically designed for consolidating debt that lower your monthly payments, and help you refinance revolving credit cards.
A Home Equity Installment Loan...