Credit Repair for the Clueless
If you're new to credit card repair, don’t' despair. It's not that to understand what this is about. And neither will the instructions and tips here be impossible to figure out.
May people think, mistakenly, that so long as they keep paying bills on a timely manner, their credit status will be fine. But sometimes we fall back on hard and harder times, and we miss out on payment and end up with the need to do some credit repair.
We all want a good credit status. So the more one knows about repairing one's credit status the better. Learn the basics about borrowing to pay for a home
- The interest rate doesn’t change on your loan.
- Your monthly mortgage payment (principal and interest) will always be the same amount
- As a trade off for the security of knowing your monthly payment will never increase, the interest rate will be slightly higher than the rate on an adjustable-rate mortgage
- The initial interest rate will be lower than the rate on a fixed-rate loan.
- The interest rate adjusts periodically after the initial term expires (anywhere from 1 to 10 years), depending on movements in market interest rates.
- Your monthly mortgage payment could increase or decrease in the future, based on the annual adjustments to the interest rate on the loan




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