There are many deals out there, you may find a fixed 20 yr equity
loan at a decent rate.
But patience and credit - building will help in getting
a loan at a decent rate... (See Mortgage after bankruptcy)
Not exact matches
The idea is of course to incentivize banks to increase their lending — they now have the possibility to stoke credit demand by offering
loans at extremely low interest
rates, while still able to achieve a fairly
decent interest margin.
Should your child wish to apply for a car
loan or a mortgage
at some point, he'll want his credit
rating to be
decent.
Consequently then, secured
loans usually are easier to obtain
at decent interest
rates than are unsecured
loans.
Someone that has had a short sale can expect to wait
at least 2 years for a
decent interest
rate on an institutional mortgage
loan, although negative credit will show on your credit report for 7 years.
If you can achieve that number you won't have any trouble getting
loans at a
decent interest
rate.
Since the terms can be long a few thousand dollar
loan is quickly processed,
at a
decent rate, and can be paid back on schedule or in advance.
If you have poor credit, you may want to try some of the social network peer lending sites before others for a better chance
at getting a
decent rate on a
loan with bad credit.
For major
loans like a mortgage or an auto
loan, you'll want to take the time to get your credit score back up to
at least 650 to ensure a
decent rate.
For instance, with a $ 25,000 5 - year car
loan at an interest
rate of 16 % (which could be significantly higher with bad credit) would likely cost you over $ 6,000 more than if you had
decent credit and were able to get the same
loan with an interest
rate of 8 % (which could be significantly lower with a 700 + credit score)-- a typical home mortgage could cost you an extra $ 100,000 in interest!
With a
decent credit score, accessing a
loan at a fair
rate shouldn't be an issue, and yet for many it still can be.
@John Verduzco, credit score isn't a problem just hoping we can refinance a paid off investment property to pullout cash, but
at a
decent interest
rate., or get a construction
loan when the dust settles with current transition.