Refinancing in Des Moines, Iowa: Reap the Benefits
By Joe Taylor Jr.Local Lender Columnist
Nov 6, 2006
According to Iowa Workforce Development, the Des Moines region is expected to generate 6,000 jobs in the next five years, especially in the healthcare industry. Business leaders give some of the credit to a group of entrepreneurs, many of whom used refinancing to provide startup capital for their companies. Based on their success, Forbes Magazine ranked Des Moines the nation's 11th best place for business.
Refinance Before Joining Des Moines' Business Boom
If Des Moines' thriving business market has you considering a job change, take care of refinancing your home before you apply for work. Changing your job can temporarily downgrade your credit score, which means that you can get better refinancing deals before you hand in your resignation.The business boom in Des Moines, IA is arriving just in time to help many local residents pay down their debt. Many mortgage holders have taken advantage of low refinancing rates to reorganize their monthly budgets while improving their credit scores.
Break Bad Credit after Refinancing in Des Moines
Refinancing is a great way to regain good credit, but here are additional ways to rearrange your monthly budget after seeing a refinancing consultant:- Pay your mortgage before any other bill.
- Call credit card companies about payment options.
- Pay minimums on all credit cards on time each month.
- Focus on one creditor at a time; once one is paid off, move to another.
- Budget income to include credit card payments.
Sources
Business Week
Federal Trade Commission
Forbes
Iowa Work Force
National Foundation for Credit Counseling
About the Author
Joe Taylor Jr. has covered business and finance news for Financial Times Television and CNBC. He coaches beginning mortgage brokers to provide better customer service and to understand creative financing opportunities.