http://www.refinancingestate.com/are-you-eligible-to-refinance-your-home-loan/ Tips and ideas on everything refinance and refinancing Fri, 26 Jun 2009 18:22:41 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.refinancingestate.com/are-you-eligible-to-refinance-your-home-loan/comment-page-1/#comment-33 srilaxmi Thu, 07 May 2009 10:21:37 +0000 http://www.refinancingestate.com/?p=23#comment-33 Yes, with economic down turn and rise in unemployment rate, lenders are hesitating to lend money to many consumers compared to earlier days when the lender come forward to give loans to people with even low credit score. These days lender are very conscious about lending and are not willing to take risk. According to lender specification in the today’s market any borrower must have an average to above average credit score to get loan refinancing. There are many factors that lender want to make sure before lending to any consumer are that they look at credit score and credit history, employment history and projected income and the interest rates that the consumer is availing for the current loan before refinancing the loan. Yes, with economic down turn and rise in unemployment rate, lenders are hesitating to lend money to many consumers compared to earlier days when the lender come forward to give loans to people with even low credit score. These days lender are very conscious about lending and are not willing to take risk. According to lender specification in the today’s market any borrower must have an average to above average credit score to get loan refinancing. There are many factors that lender want to make sure before lending to any consumer are that they look at credit score and credit history, employment history and projected income and the interest rates that the consumer is availing for the current loan before refinancing the loan.

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