Find lenders and today's rates in your area:

Mortgage Process

Mortgage Reduction Programs

Mortgage Help

Mortgage Rates

Good Credit Mortgage Lenders

Generally speaking, in today's economy, home buyers who are employed and have good credit (a score of 680 or greater) are in an excellent position to secure a very low rate on a mortgage loan. Many mortgage lenders are eager to work with clients with above average credit ratings. Provided that you have a steady job and a reasonable budget, you might be surprised at the low interest rates you can lock in.

Bad Credit Help

Understanding Differences Between Personal Bankruptcy Choices

Chapter 7 Or Chapter 13 Which one is best?

When you decide to file a personal bankruptcy, you have two options, which is to file a Chapter 7 or a Chapter 13. Your own financial situation and assets will determine which chapter is best for you.

You should choose to file a Chapter 7 if you want to discharge your unsecured debt only. The easiest way to explain what a Chapter 7 will do for you is to realize that it will free you of any further obligation for medical bills, bank loans, credit cards, etc. A Chapter 7 will not deal with any of your secured debt, such as a house or a vehicle. However, you may be able to keep your house if the payments on the home are current and you may be able to keep your vehicle if the equity is not over the limit, which is set by the Chapter 7 trustee in your particular area. Those are questions you will need to discuss with your attorney to get an exact answer for your exact situation. However, it is very likely that you can keep your home, your vehicle and at the same time, get rid of the types of debt already mentioned.

You will need to file a Chapter 13 if you own a home, are behind in your mortgage payments and want to save it from foreclosure or if you have other secured debt (vehicle(s), boats, etc.) that are behind in the payments, but you want to keep those things. Chapter 13 gets complicated because unlike a Chapter 7, this chapter asks you to "pay back" some of your debt. A good attorney can get that debt down to a fraction of what you now owe, but it does require a major commitment on your part for a period of three to five years, while you pay back that portion of the debt. It is similar to your having to pay another loan (called a "Chapter 13" Plan) and the payments which allow you to repay those secured debts have to be made on time each month, every month. You cannot pay late, because the trustee (the person appointed to oversee bankruptcy cases) has the authority to "dismiss" your case if you do. There are many more facts about filing a Chapter 13 for you to know.

The best advice is get legal advice!