Since the Fed has cut interest rate again in December, now it is a perfect time to refinance again or just to buy something:-) But at the same time since the financial institute has been suffering so much from the subprime mortgage market, it is not easy to get a new loan if your credit is not good. Good news to this people, you could find and compare all kinds of loans at bad credit loans, which offers free appraisal. Go to visit their website and try it out!