Refinance

Improve Your Credit

You can use a mortgage refinance loan to get extra cash to pay off your high interest debts, lower your total monthly payments and, after about six months or so, end up with better credit. If you are careful not to get into more credit card debt, you will have repaired your credit and will be eligible for better loans.

Don't know what's on your credit? Visit www.annualcreditreport.com to get a free copy of your credit report.

Here's What You Need To Do
Consolidate Your Debts Your refinance loan should include cash out to pay off all your creditors, so you have only one low bill to pay each month.	Get The Lowest Monthly Payment Possible Your goal is to build a good payment record. So you want the lowest monthly payment that you can get. You can refinance later with better credit.

Here's What You Need To Do

Consolidate Your Debts

Your refinance loan should include cash out to pay off all your creditors, so you have only one low bill to pay each month.

Get The Lowest Monthly Payment Possible

Your goal is to build a good payment record. So you want the lowest monthly payment that you can get. You can refinance later with better credit.

Here's The Type of Loan You Should Consider
3/6 Interest Only Adjustable Rate Mortgage with Cash Out You get a low interest rate and, for the first three years of the loan, you only pay the interest payments, giving you the lowest monthly payment possible. Once you've controlled your credit card spending and repaired your credit, you can refinance with a regular, fixed loan.	3/6 Adjustable Rate Mortgage with Cash Out You can get a low interest rate in an adjustable rate mortgage and cut your total monthly payments to all your creditors dramatically. After three years, the interest rate on your loan could go up. By then, however, you will have repaired your credit and can refinance with a fixed loan.

Here's The Type of Loan You Should Consider

3/6 Interest Only Adjustable Rate Mortgage with Cash Out

You get a low interest rate and, for the first three years of the loan, you only pay the interest payments, giving you the lowest monthly payment possible. Once you've controlled your credit card spending and repaired your credit, you can refinance with a regular, fixed loan.

3/6 Adjustable Rate Mortgage with Cash Out

You can get a low interest rate in an adjustable rate mortgage and cut your total monthly payments to all your creditors dramatically. After three years, the interest rate on your loan could go up. By then, however, you will have repaired your credit and can refinance with a fixed loan.

Everything You Need To Know About Improving Your Credit