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12 financial tips for 2012

Protect credit before a mortgage refi
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Protect credit before a mortgage refi

In this tight lending environment, good credit is golden. You'll need good credit to refinance with the best interest rate.

Don't forget to pay your credit card bill in the months prior to applying for a mortgage refinance. If a creditor reports to the credit bureaus you were 30 days late on a payment, this may hurt your rate or even your ability to get a loan these days.

"The lender is going to pull your credit when you apply and prior to closing," says Rob Nunziata of FBC Mortgage in Orlando, Fla.

And before you apply for a mortgage, check your credit history to make sure there are no errors or any credit issues you need to resolve. After you submit your application and begin the loan process, don't make any moves that could impact your credit scores such as opening new credit lines.
--Polyana Da Costa


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REFINANCE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed refi 4.04%  0.01 4.05%
15 year fixed refi 3.17%  0.06 3.11%
10 year fixed refi 3.22%  0.05 3.17%
 
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Product Rate Change Last week
30K FICO-based HELOC 4.33%  0.01 4.32%
50K FICO-based HELOC 4.06% --0.00 4.06%
100K FICO-based HELOC 3.92% --0.00 3.92%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.81% --0.00 2.81%
48 month used car loan 3.03%  0.01 3.04%
60 month new car loan 3.25%  0.01 3.24%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 1.00% --0.01 0.99%
2 Year CD 1.20%  0.01 1.19%
5 Year CD 1.85% --0.01 1.84%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.73% --0.00 15.73%
Cash Back Cards 16.43% --0.00 16.43%
Low Interest Cards 10.98% --0.00 10.98%
 
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