However, if you are a homeowner who needs money to pay bills or for home repairs, you may think a home equity loan is the answer. You could lose your home and your money.
Mortgage Awareness has listed some advice and tips at http://www.badcreditmd.com/
If you decide refinancing your mortgage loan is right for you, talk with several lenders, including at least one bank, savings and loan, or credit union in your community. Their loans may cost less than loans from finance companies.
Not all loans and lenders are the same and you should shop around. The cost of doing business with high-cost lenders can be excessive and, sometimes, downright abusive.
Mortgage Awareness is a self help guide that teaches about mortgages, refinancing, finding a home, foreclosures and selling your home. This guide is a subsidiary of Enticing Designs Publishing. The staff has various backgrounds in the financial and mortgage industry. Its staff has researched its information with various governments around the world to provide the most comprehensive and accurate information free of charge.
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