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News:
Bad Credit and Home Refinance (Benton Evening News)
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit?
Homeowners now pay for years of low rates (Detroit News)
F or Amy and Randy Greenwood, an adjustable-rate mortgage was a way to consolidate bills even with less-than-perfect credit.
The Death Of Cheap Credit? (Fool.co.uk via Yahoo! UK & Ireland Finance)
With the Bank of England raising its base rate, the cost of borrowing is set to rise. Does this spell the end for ultra-low-rate loans?
In the past few years, if you had any bad credit report, you would have forgot to get a mortgage loan again. Even if you had applied and the mortgage lenders would have accepted the loan, the interest rate might have been too high. But now, the situation has changed a lot.