Refinancing

With the housing market in the tank right now there are actually some really good opportunities to refinance right now. Rates on 15 year fixed loans are actually under 5% if your credit is decent. Even if it's not you are bound to be able to work something out with a lender to actually get a good rate. Refinance.Com has some really good information on refinancing and getting a low rate mortgage  even if you are looking at a bad credit mortgage refinance.

There are also some pretty good tools at the web site in order to see if you qualify for a home refinance bad credit notwithstanding. There is an easy refinance calculator, an amortization calculator, bi-weekly payment calculator and one just to see how much of a loan you can afford. Don't be fooled by your lender with the bi-weekly scam they try and pull though. Some lenders will let you set up a bi-weekly plan but often there are service fees tucked in that you aren't aware. Generally if you just send them a payment every two weeks, or tack on an extra $100 a month onto your mortgage payment you can pay the loan off several years early and avoid quite a bit of interest just by making one extra payment a year spread out over twelve of them.

If you are interested in refinancing, even if it's a bad credit home refinance you owe it to yourself to get as much information as possible. Go check out Refinance.Com and see what kind of info you can gain.