Does the interest rate of your loan really matter?
It's like asking "Does size really matter?"
Well...
What it boils down to is how much money you
can save. If you have to consolidate your debts
there is where the savings would be most beneficial.
eg. If you're at 6% fixed for a 30 yr loan and you
have a payment of $1000 a month plus other monthly debts
like Car payments credit cards and other misc. monthly
notes totaling an additional $2000, Then it would make sense
to roll everything into a new loan and reduce the payments
down to $1500 a month.
That new rate could be around 7%, however you're spending
$1500 less everyy month, with all the old debts paid off.
it's the motion of the ocean.
California Bad Credit Mortgages with reasonable rates
are not hard to find. It's all a matter of finding an expert,
and having them do the shopping for you.
California Bad Credit Mortgage
Refinance - http://mountainview-mtge.com/refinance.htm
Consolidate Debts - http://mountainview-mtge.com/consolidate.htm
