Cool Credit Tips
Keeping a Cool Head to Protect Your Credit : Buying or Refinancing? Get a second opinion! If somebody tells you rates are rising to get you to sign on the dotted line--chances are they are pressuring you to sign. Rates have consistently risen and fallen (as they do) from 1/8th to half a percentage point during all the 'talk' of rises. Funny how they don't report drops! You can still get decent Fixed Rates that beat the Adjustables which may better suit your needs. Avoid predatory lending practices by investing time to find out if the loan you are applying for is the loan you get! For more on that subject visit the Washington State Department of Finance and Industry site: http://dfi.wa.gov/consumers/predlendwp.htm Check out your Lender : Ask a few leading questions and note how that person responds to your needs. If they are selling rates before they hear about you and your goals....exit stage left! You need to feel the person working with you has more than one answer an