When I bought a house for the first time 15 years ago, the best mortgage rate I could get on my $130,000 fixer-upper (with a $10,000 down payment) was 6.8% fixed. That didn’t sound so bad at the time – mostly because that was the lowest rate available. I soon realized that if I used the full 30 years to pay it off, with compounding interest, I would have ended up paying over $302,500! That is well over double the amount of the original price of my house. Fortunately I was able to refinance over … [Read more...]
The 6 Simple Steps To Repairing Your Own Credit
So you’ve obtained your free credit report that is allowed to you once per year via www.annualcreditreport.com and discovered that there are serious errors on your credit report. You have scoured the Internet in search for help from companies and law firms who charge a hefty fee to correct your credit. A fee such as $99.00 to start a service on top of $99.00 per month until your credit is corrected (which could take upwards of one year!) So What Do You Do Now? Load up your printer ink and buy … [Read more...]
How to Improve your Credit Score For Free
Everyday, companies target people who have poor credit histories with promises to clean up their credit reports so they can get a car loan, a home mortgage, insurance, or even a job – after paying a fee for the service. The truth is that no one can remove accurate negative information from your credit report. It's illegal. What You Need To Know When negative information in your report is accurate, only the passage of time can assure that it will be removed. A consumer reporting company can … [Read more...]
