Secured Credit Card

Looking to improve your credit score, or build credit when you have none? A secured credit card is a great tool to do just that. You put up a deposit to secure your credit line in the event you don't pay and you get a credit card with a limit of that much. The limit isn't relevant, simply that they report to the credit bureaus. Check out this article on secured credit cards for more good information.

Pay Option ARM loans are not all evil

A payment option ARM loan alone is not a bad loan. How can I say that? The loan everyone loves to hate right now. Pay Option ARM loans are responsible for all of the worlds problems right? No they are not. Greed makes them bad loans. Greedy consumers wanting to buy more house than they can really afford, or not asking enough questions as to why the loan sounds to good to be true. Greedy loan officers looking to make a quick buck and not think about what is right for the csutomer. Greedy investors and lenders looking to make big bucks selling a loan to situations where it is not wise. Pay Option ARM loans are not evil, greed is always evil.

Foreclosure Rescue Scams

A rescue scam, how wrong is that. Taking for someone who is in trouble. Like the opposite of Robin Hood. Steal from the poor and make yourself rich.
The latest thing in our whole housing mess right now are the foreclosure scam artists. While some companies and agencies actually can help you getting your mortgage back on track and saving your house many are just scam artists looking to take your money and run, or your house. Check out this article on Foreclosure Rescue Scams to read more.

6 Ways a Low Credit Score Will Cost You

Just how does a low credit score cost you? A Connecticut mortgage broker can tell you there are many ways, and some can be quiet costly like when you get a mortgage. A low score can costs thousands and thousands a year in higher interest rates and mortgage insurance rates. Check out this cool article 6 Ways a Low Credit Score Will Cost You and learn more about 6 places you may pay more or be at risk for having a low credit score.