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Bad Credit Mortgage Refinance – CItiMortgage Refinance Rates Drop?

Posted on | November 23, 2009 | 1 Comment

Getting a bad credit mortgage refinance is something that many Americans have done and will hope to do in the near future.  CItiMortgage has done a great job of advertising low mortgage interest rates and this could pay off greatly over the long term.  With refinance rates getting very close to all time lows now is the time for this big bank to gain new customers.

Citi offers many more services than just home loans.  Many Americans have home loans through CitiMortgage but even more have credit cards, personal loans, and banking relationships with this company.  There is little doubt that Cit has greatly struggled through the credit crisis but now is a time to turn that all around and gain new customers.

The 30 year fixed mortgage rate is currently around 4.65% which is very close to an all time low.  The weekly all time low for the 30 year fixed is 4.61%.  There is a very good possibility that this level could be broken in the coming weeks making now one of the best times in history to get out there and refinance your current home loan.

If you have bad credit there is a good chance that you will not be able to gain access to these low mortgage rates but this does not mean that you should not go through the mortgage application process.  If you can save one full percentage point on your current mortgage then it would greatly benefit you to go through the refinance process.

CitiMortgage and many other mortgage lenders have spent great amounts of money to advertise their home loan division.  By getting you in their doors to refinance your home they can also offer you other services like credit cards or personal loans.  Overall, it is very smart for these big banks to advertise extremely low mortgage rates and it is up to you to take advantage of them.

If the current economy and your financial struggles have gotten you down make sure to check out the inspirational blog My Life After Retail.  The blog is an account of the journey to find peace of mind and happiness in today’s society.

Author: Heather Best

Category: Bad Credit Mortgage Refinance

Comments

One Response to “Bad Credit Mortgage Refinance – CItiMortgage Refinance Rates Drop?”

  1. I would like to sue CitiMortgage, Inc. for $162.000.00? | mortgage streamline
    November 27th, 2009 @ 12:27 pm

    [...] as a home loan service? CitiMortgage Foreclosure Prevention Three Times Better in Florida Bad Credit Mortgage Refinance – CItiMortgage Refinance Rates Drop? : .. Citi’s Mortgage Workouts Outnumber Foreclosures in Missouri by 9 to 1.. Looking For Knowledge [...]

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