Released on: September 8, 2008, 1:27 am

Press Release Author: Ace Smith

Industry: Financial

Press Release Summary: The recent economic turmoil brought about by the problems of
the subprime mortgage market left a lot of homeowners hesitant to take the next step
when they need to refinance, take out an equity loan, or purchase a new property.


Press Release Body: United States— The recent economic turmoil brought about by the
problems of the subprime mortgage market left a lot of homeowners hesitant to take
the next step when they need to refinance, take out an equity loan, or purchase a
new property.

A new hub of information recently kicked off to help consumers know more about
mortgage loans, equity loans, and debt consolidation. “ The creditdummy.info site
was launched to remind the homeowners or new home buyers that the market is a bit
bad but there is a ray of hope in the horizon “, explains Steve Presley who is one
of the proponents of the site.

“Our website is different from the other 50,000 websites being registered everyday
that contains nothing but useless information. Our articles are created by experts
in the field and the consumers are assured that we provide them quality references,”
adds Prestley.

Creditdummy.info informs people with bad credit scores that there are doors that
they can explore so they can purchase a home or may be take out a loan which they
can use to address urgent needs.

“We give people with bad credit the much needed hope. A lot of people are losing
their homes but we need to tell individuals with bad credit history that poor credit
is not necessarily equal to no loan,” Tom Watkins, content contributor to the site,
shares.

“Knowing your rights, knowing where to go, and knowing who to approach is vital to
the survival of a homeowner amid this economic crisis that we are facing. Somehow we
try to make the picture better for them, “adds Watkins.

The website also educates homeowners of the risky loans that are now being offered
in the market. Practical tips are clearly outlines so people would know the ins and
outs of a deal and which ones will help consumers to be on a win-win situation.

The website features articles from mortgage experts including loan specialists,
appraisers, and bankers. Visitors can subscribe to the contents of the website so
they will be updated about the latest mortgage trends and forecasts.

Asked for a practical tip for homeowners, Steve Presley suggests, “If you are
planning to buy a home or refinance your mortgage you should ask around, check out
your options, and narrow down you choices. It will be helpful to seek the help of a
professional so you will understand everything about the loan. It will be best to
read us at http://creditdummy.info/ so you will learn the best moves even if you
have a poor credit score.


Web Site: http://creditdummy.info/

Contact Details: acemith@gmail.com