As a general rule Beneficial is more willing to give loans to people who have bruised credit. I should know, I'm one of them. Typically though, their fees, and interest rates are HIGH. I recently applied for, and declined a mortgage refi with them. Their offer was too far out there for me.4.75 points (but don't worry we'll roll them into the loan) and 8.75% APR for 30 years. That 8.75% would be reduced by 1/4% each year if all payments were made on time up to a total of 4%. So, after 8 years my rate would be 4.75%. When right now rates are in the 4's with no points at some lenders, but I was supposed to pay 4.75 points to get 8.75%!I laughed at the guy and hung up. There was a time I HAD to deal with people like that to get a loan, not any more. Watch them closely, and compare their offers with the "going" rates at other lenders for comparable products. I'd bet you can probably do better.Darrin
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