Mortgages Refinance Loan Article Review5 Things You May Be Surprised To Know That Help You Get Approved or a Lower Rate For a Mortgage LoanBy C.L. Haehl Buy Life Insurance - Although life insurance is not a requirement for most mortgage lenders, it is definitely something that many lenders will take into consideration when evaluating your mortgage application. By demonstrating that you have enough life insurance to cover the mortgage, there is a higher likelihood that they will approve your application, because they know there is less of a chance they��ll have to go through the difficult process of handling your mortgage if you were to suddenly pass away. Don't Close Any Accounts During the Mortgage Process - Since lenders are evaluating your present financial situation, the closing or canceling of any existing accounts, regardless of balance, may trigger a red flag with the lender. If you want to close any accounts or cancel any contracts, do this either before or after the mortgage application has been approved. Request That Credit Bureaus DO NOT Accept Unauthorized Credit Checks - If you��re like many average Americans, you receive countless ��pre-approved�� credit card solicitations and loan ads in your mailbox every day. This is because these companies have software that scans consumer credit reports based on criteria that they feel will result in a list of good potential new customers. Although these inquiries may not directly lower your credit score, it does show up when a mortgage company pulls a copy of your report. Your best option is to prevent these companies from accessing your credit report altogether. Don't Move Your Money From One Bank Account To Another - Any transfer of money from one account to another generates a paper trail that will require further explanation when the mortgage company receives copies of your account statements. Even if the transfers are within your own accounts, try to avoid moving the money if at all possible. This is especially true when moving money from a savings account to a checking account because it may appear to the lender that you��re preparing to use that money. Avoid Using ��Credit Repair�� Services - Many people with credit that is less than perfect are attracted to organizations that offer to fix your credit in record time and improve your overall score. This is not always the case. When lenders see on your credit report that you are working with a consumer debt counseling company they actually look less favorably upon such notations. To the lender, the only way to interpret this information is to assume the borrower cannot pay the existing bills, therefore how could they possibly afford a mortgage payment? Your best bet is to work directly with the credit card or loan companies to arrange a repayment plan. See 25 Tips That Might Surprise You - Ways To Get Approved or Get a Better Interest Rate on Your Next Mortgage Loan. Article Source: http://EzineArticles.com/?expert=C.L._Haehlhttp://EzineArticles.com/?5-Things-You-May-Be-Surprised-To-Know-That-Help-You-Get-Approved-or-a-Lower-Rate-For-a-Mortgage-Loan&id=441718 A Mortgages Refinance Loan SnapAmortization schedule calculator Useful Information On Mortgages Refinance LoanWeSayes.com Bad Credit? OKAY These Lenders Say YES! WeSayes.com has your bad credit loan solution. Through extensive research we have compiled lenders for personal loans, credit cards, home loans, auto loans, and debt consolidation loans. When you become a member of WeSayes.com you will gain immediate access to our EXCLUSIVE bad credit lender list. Our bad credit lenders are kept fresh and up to date which is FREE just for being a member. All of this is included for a one time membership fee of $25.00. READY? Click here to learn more...... student loan student loans | bad credit loan mortgage | refinance interest rate

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