| If you're considering any type of Windsor refinancing | | | | police report with the Windsor, Ontario law |
| loan for your home, there are several important points | | | | enforcement agency, and you will usually be required |
| to consider before contacting any Windsor mortgage | | | | to speak directly with the creditor's fraud department. |
| companies. Use the following suggestions to protect | | | | Be prepared to prove your identity. Sometimes |
| your financial interest, and to help prevent getting in | | | | creditors are so anxious to be paid that they really |
| over your head with payments you may not be able | | | | don't care who pays them as long as they get paid. |
| to afford long term. | | | | However, if you truly are the victim of credit fraud or |
| "Debt refinancing can be a dangerous business, and if | | | | identity theft, by all means take every step necessary |
| you're not careful, your home could be at risk in the | | | | to clear your good name. |
| long run." | | | | Finally, if one of the negative entries on your credit |
| I'm sure you're all too aware of the financial dangers | | | | report is accurate, and the bill remains unpaid, step up |
| unique to our community. Between offers of easy | | | | to the plate and try to pay it off. If you have a valid |
| credit and "low monthly payments," it is very easy to | | | | reason for being late, write a brief explanation and |
| get in over your head. The same holds true with your | | | | submit it to the credit reporting agency. Some creditors |
| home mortgage, especially if you're considering a | | | | may take your explanation into consideration when |
| Windsor refinancing option for debt consolidation | | | | determining whether to approve your Windsor |
| purposes. | | | | refinancing loan application. |
| Follow this 3 question checklist, it just may help protect | | | | Ask Yourself: Does my Windsor mortgage broker |
| your financial future. | | | | truly have my best interests in mind or they only |
| Ask Yourself: How much of a monthly payment can I | | | | looking out for theirs? |
| really afford? | | | | Before agreeing to do business with any Windsor |
| How much is your existing payment? Are you able to | | | | mortgage broker or agent, it's important that you make |
| easily manage that payment each month? If not, how | | | | sure that they are honest and trustworthy. Check |
| large of a mortgage payment can you afford each | | | | them out as carefully as you would if they were a |
| month? A Windsor refinancing loan will go much more | | | | teenage boy interested in dating your one and only |
| smoothly and can help you to reach all of your financial | | | | daughter. |
| goals if you answer this critically important question - | | | | Ask for references (good agents will have clients that |
| first. | | | | have given permission to be a reference, I have them) |
| Ask Yourself: Have I seen my credit report lately? | | | | with and call each one to verify the type of |
| In order to secure the best possible mortgage rate and | | | | experience that each former client had with the |
| terms for any Windsor refinancing loan, it's important | | | | mortgage broker. |
| that you have a good understanding of what your | | | | In addition, ensure that the mortgage agent you're |
| existing credit situation is. Financial skeletons in your | | | | considering working with has been in business for a |
| closet can jettison your Windsor refinancing loan | | | | substantial period of time and actually knows what |
| application. If you haven't already, get a copy of your | | | | they are doing when it comes to Windsor refinancing |
| credit report and examine it closely for errors, negative | | | | loans specifically. Finally, one final point to ponder is |
| entries, and signs of fraud. | | | | whether the mortgage company works with just one |
| Errors on your credit report can be cleaned up, but | | | | lender or has the capability of shopping the market in |
| they take time. Don't wait until you're ready to submit | | | | locating the very best loan terms and Windsor |
| your windsor refinance loan application in order to clear | | | | refinancing package for your specific financial situation. |
| up any lingering credit issues that could impact the | | | | Applying for a Windsor refinancing loan may seem a |
| timing of your Windsor refinancing loan. If your credit | | | | little overwhelming, but by taking the time to do your |
| report shows a late payment that you know you | | | | homework and following this quick checklist, you too |
| made on time, file a dispute with the credit reporting | | | | can locate the credit refinancing package that will |
| agency, informing them that you made the payment in | | | | move you closer to reaching your financial destination |
| question on time. If you still have a cancelled check to | | | | and will ease the burden and take away the stress |
| prove it, submit a photo-copy when you file your | | | | associated with handling your finances during uncertain |
| dispute. | | | | economic times. |
| In the case of fraud, you may be required to file a | | | | |