Mortgage Loans: Banklady.com Tells it Like It Is

The number of lending institutions in business today is rather overwhelming. Equally if not more overwhelming is the plethora of packages, programs, policies and parameters that are brought into play by these institutions with the promise of helping you achieve your financial goals. How can you, the consumer, make a sound choice with so many lenders soliciting your business?

The answer is found in a systematic and factual compilation of information at www.banklady.com. It’s a new and up-to-date service that’s as close as your laptop. You’ll find articles, loan calculators and appropriate links that will bring you up to speed on credit options and solutions, as well as the facts about scams and pitfalls to avoid. It doesn’t matter whether you are a first-time homebuyer or a homeowner looking to lower your interest rate. It doesn’t matter if you have good credit or bad credit. Maybe you’re very satisfied with the status quo and haven’t even thought about borrowing money since you purchased your home ten years ago. Banklady.com is familiar with situations such as yours and is able to offer a fresh approach with free, practical suggestions.

Homeowners with good credit may use the equity in their home to buy a new car or boat, take a vacation, or make some overdue home improvements. Or, on a less tangible basis, any homeowner who has not refinanced recently may wish to investigate lowering their interest rate or shortening the term of their mortgage. Thousands of dollars can be saved over the term of your mortgage by shortening that term from the traditional 30 years down to 15 or 20 or even 25 years.

Consumers with bad credit, even those who are 90 days or more behind on their mortgage loan payments, can learn how to stop foreclosure, avoid bankruptcy and become current on their mortgage again. In addition, Banklady.com features a complete explanation of credit scoring, as well as tips on how to improve your credit score and what to do when credit is denied. There is a link for obtaining your credit score and credit report.

Banklady.com provides loan applications right on the site through their many lending partners, ranging from the most prominent national lenders to your local, neighborhood bank. All are licensed by state banking authorities or other regulatory agencies, as required by the states where they provide loans. You submit your application only once and your borrower’s profile is matched with up to four lending agencies who will contact you directly. That way, you are in a position to compare offers and options and choose the loan that is right for you. After visiting Banklady.com, you’ll not only be ready to make that choice, you’ll understand exactly why you made it!

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Banklady.com has been an online financial referral service since 2001, offering help and consumer tools for financial awareness. For more information about personal finances including bad credit loans, debt consolidation, tax tips, and mortgages visit www.banklady.com.