Kolcraft

Even if you have bad credit, mortgage refinance is possible and is often advisable. In todays world with the downturn in the economy, many people are finding their financial situation has changed drastically from when they first took out a mortgage and purchased a car. The monthly payments add up to more than the income and as a result they have a bad credit rating because of late or missed payments. While all the loans were manageable at the time, various influences such as divorce, illness and job loss have impacted seriously on the amount of money available in the household.

The thing is when you own a home, even though you have bad credit you still have assets to use as collateral. Even though you have a mortgage on the home, if youve been paying on it for a while, you have equity. However, even with that knowledge, you should not jump into a bad credit mortgage refinance without careful consideration.

If you have only had your mortgage a few years, you may not be able to qualify for a home equity loan. Take a long hard look at your financial situation to determine whether or not refinancing is right for you. When you total your debts and consider how much you are in arrears, you can start making changes to your spending habits to clear up the bad credit. Mortgage refinance is a big step to take and it will add another item to your credit report.

Always do your due diligence. Use the Internet to perform research and to compare rates from several mortgage lenders.

Richard Cunningham is a successful entrepreneur and publisher of several profitable websites on Homeowner Insurance, Bad Credit Mortgage Refinancing, and Apartments for Rent

I bet you dont know what BMW stands for. Its just one of those things you dont really think about, isnt it? But now youre wondering, so Ill put you out of your misery: it stands for Bavarian Motor Works. It is a company that has stayed true to its history, not changing its name, not changing its logo (which is derived from the Bavarian flag).

The company was established in 1913, at first intending to make plane parts but quickly dropping the idea in favour of motor vehicles when the 1919 Treaty of Versailles banned Germany from building aircraft. This paid off for the company, who set about making a name for themselves, first in motorcycles and then in cars.

However, the period in World War II when Hitler took over BMW and used its vehicles for war had a devastating effect on the company, and it took it until the late 1950s to recover. It was the launch of the BMW 1500 in 1961 that really made their name, and began to earn them a name for very well-made cars. By the 70s, BMW was one of the biggest and most successful car manufacturers in the world.

Most BMW cars are still made in Germany, but the company has been courting controversy in its homeland by gradually moving more and more production to China and Eastern Europe. It remains to be seen if this will damage their reputation for German engineering, or simply allow BMW cars to come down in price.

Today, BMW cars are considered by many to be expensive, but worth the price, because of the sheer reliability of their engines. They are often driven by the more mature kind of wealthy people who dont want showy, fast cars like Ferraris they just want a conservatively-designed car that works with no fuss.

John Gibb is the owner of BMW facts For more information on BMW's check out http://www.bmw-resource2k.info