Presented by Daniel Toriola
Whether you are a homeowner who experienced a sudden loss of job or income, a first home buyer stuck with a
mortgage or a person who suffered a critical injury, without knowing the secrets of foreclosure defense, you
will lose your home. you will lo
Click here to know more
Our Web Hosting Plans Start From Only 41 cents / month. Our Web Hosting Plans Start From Only 41 cents /
month. Sorry, We're Only Repeating To Inform That This Isn't A Typo :) Do Check Us Out!
Click here to know more
Chase The American Dream With Mortgage Refinancing
By Rony Walker
Beautiful America promises equal opportunities for all. A house, a job, and a mortgage refinancing
loan in the works, complete the portrait of the quintessential pursuit of the American Dream. But people
should be wary of the pitfalls of refinancing or risk losing their future in the land of milk and honey.
If in doubt, don't
If you need to pay off existing unpaid credit and want a reprieve from the high interest rates combined,
mortgage refinancing may seem the only way out of the financial mess you're in.
But not all refinancing programs are equal. If you are saddled with debts and a poor credit score to
boot, getting refinancing is not always the perfect solution to bail you out of your financial problems.
You might end up worse if you are not careful.
What to avoid
If your stress levels are shooting up because of the creditors pounding on the door don't run rush to
refinance. That is, if you have to put up your house as collateral. Losing a home just for a couple of
thousand in debt is senseless, considering all the efforts you have exerted to have your own house.
Think of other alternatives, like asking for a restructuring of your credit.
To use your house as collateral for those credit card debts is a big gamble. Never entertain the idea.
Rare is the chance of unsecured creditors seizing your home because of unpaid debts. But if you have
a secured loan, your house can be seized by the lender.
So, if you have already