RateGenius - Auto Refinance
I found this site about Auto Refinancing that gave a lot of good information.
For this stay at home Mom, good Financial decisions are very important. If you have a high interest car loan and your credit is now better you may want to look into an Auto Refinance. By refinancing a car you may be able to save some money over the life time of your loan. Not to mention the extra money in your pocket every month.
Anyways, check into it. I learned good stuff like:
- In 2004 Credit Regulations say that you can make multiple inquiries related to a single transaction and your score will not be affected any further, as long as the additional inquiries must be made within 14 days from the initial credit check.
- You are allowed a free copy of your credit report each year from the bureaus.
- Refinancing can be used for finding a new lender (lien holder) for an existing loan, often for a better rate, but also to extend their term, skip a few payments, add or remove a co-applicant, and add products (such as GAP insurance) to a loan.
Is this good info or what? Check them out!