Bad Credit: Options for Refinancing a Mortgage

Like many people, the recession hit me pretty hard. Thanks to a job loss, I got behind on some of my credit cards. Even though I did mange to make the mortgage payment every month, my credit rating nose-dived. While things did get better, I still wondered if it would be possible to refinance my mortgage with bad credit. After talking with a few lenders, I found out that my situation was not unique. I also found lenders who were willing to work with me. I managed to get terms that will save me money over the life of that mortgage. If your credit has taken a beating, don't assume that refinancing is out of the question. I'll share how I researched options and found a lender who offered a good deal. You could find that refinancing your mortgage is within your reach.

Personal Banking Services Can Make Banking Easier

Finance & Money Blog

Personal banking is designed to make banking easier and can help you stay organized with your money matters. If dealing with banks has caused a lot of headaches for you in the past, the best personal banking services can take a lot of the hassle out of banking. Here are just some of the personal banking services that a financial institution near you may offer.

New Accounts

Many customers turn to private banking when they're ready to open new accounts. A knowledgeable representative at a bank can assist you with the process of opening a new account if you need help. You might even be able to open an account online from the comfort of your home. Some accounts that many financial institutions offer with their personal banking services include:

  • Checking accounts
  • Savings accounts
  • Student savings accounts
  • Money market checking accounts
  • Personal reserve accounts (PRAs)
  • Certificate of deposit accounts (CDs)
  • Individual retirement accounts (IRAs)

Hassle-free Deposits and Withdrawals

Whenever you need to put money into one of your bank accounts or take money out to spend, personal banking can give you a hassle-free way to manage your accounts. Most banks are able to accept direct deposits, which means that money can be put into an account by a wire transfer to save you the trouble of having to go to the bank to deposit a check or cash in person. Many banks even allow customers to send in pictures of checks from mobile phones for mobile deposits. A debit card can be issued to you so that you can withdraw money from an ATM or get cash-back when you're shopping. If you need to visit a bank to make a deposit or withdrawal, a friendly representative can assist you and answer all your questions. 

Overdraft Protection

Even people who spend responsibly may overdraw their accounts by accident from time to time, and overdraft protection with your personal banking services can save you from having to pay overdraft fees. If a particular purchase is going to overdraw an account, money from one of your other accounts can be transferred to cover the difference if you're enrolled in an overdraft protection plan. You may also be eligible to open a PRA to provide additional overdraft protection.


Most banks offer notary services to customers as part of their personal banking services. If you need to prove that you signed a document, a notary can approve your signature so that the document will be valid and legally binding. By having your signature notarized, you can also avoid becoming a victim of fraud if someone tries to present a copy of the same document with your forged signature that hasn't been notarized.

These services are just some of the additional perks that you can enjoy with personal banking. By taking advantage of the personal banking services that your financial institution offers, you'll simplify how your money is managed.

For more information on personal banking, contact a professional near you.


22 November 2021