It was reported recently that Michael Jackson, the artist formerly known as “the King of Pop,” was looking to refinance the mortgage on his infamous Neverland Valley Ranch. It just goes to show–if someone who has sold tens of millions of records can have trouble making his mortgage payments, the average American shouldn’t feel so [...]
Archive for 'credit rating'
If you have bad credit, you may still qualify for refinancing. Mortgage lenders typically adhere to certain credit guidelines, but these can be more flexible than expected. For example, if you’ve filed bankruptcy, and your debts were discharged by the bankruptcy court more than two years ago, you may qualify for standard mortgage terms. Another [...]