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Cory Said:

Refinance my mortgage with bad credit...Help?

We Answered:

You might want to consider a roommate(s) for right now just to have some additional cash to pay the mortgage. I dont know how good your chances of refinancing at this point are with bad credit and a lot of banks shying away from doing any risky loans.

Talk to your local bank and see what advice they have for you. They might tell you to fix your credit so getting some roommates would help you pay off that 10k in debt. If you went overboard furnishing the house you might consider selling some of that stuff. The sooner you can pay off the 10k the better. Also the break from work might work against you, especially if your HR department would volunteer that information when the company you are refinancing with calls to verify employment. You might try a part time job too.

Carla Said:

Can I refinance a mortgage even if you have bad credit?

We Answered:

You can definitely refinance. Why? You have position yourself for a better consideration and qualification as your income is now in good condition.

Meanwhile, I will suggest you take the steps below:

1. Most mortgage lenders (reliable) will listen to your case as you have an obstacle that affect your mortgage. So Sit your lender down and discuss your issue

OR

Log on to mortgageloan.com (their aim is to help refinance bad credit)or e-loan.com for potential lender, and fill their online submission form as.

Review eash offer and consider the best one for you.

but be wary of some lenders. you can log on BBB website for check any preferrable lender.

2. Then, provide all necessary details.

I hope this helps.

You can check below for more ideas, tips, and advice on mortgage refinancing and bad credit.

Adrian Said:

Would a mortgage company refinance one of it's mortgage customers that has bad credit?

We Answered:

Not likely. You would think it makes sense because you are more likely to meet a lower payment. However, the way mortgages are financed makes this a terrible deal for the bank. They cannot sell your new loan when the borrower has poor credit.

Thelma Said:

Bad Credit Mortgage Refinance in Australia?

We Answered:

Though refinancing your home loan to get extra cash and pay off your credit card debt might be a good idea. It is not the best solution. This serves best the credit card interests and not yours. Because even if you get your debt settled and eliminate it for good, if you don't change the way you spend, you'll keep accumulating debt once again and maybe next time you won't be able to resort to your home equity.

Moreover, since refinance home loans generally worsen the terms of your mortgage, you are further risking your property if you fail to meet the monthly payments. And though you may be replacing expensive debt with cheaper and more affordable debt, you are also replacing unsecured debt with debt that is secured with your home. If you are not good at managing your finances (and that's why you had to resort to debt settlement), that's something that you'd better avoid. Read more from: http://www.credit-card-gallery.com/artic…

Crystal Said:

Can you refinance a mortgage even if you have bad credit?

We Answered:

You can having the worse your Credit & corresponding FICO Credit Score the higher APR you are likely to pay, nevertheless considering that you have sufficient equity & stable income is likely that you would qualify.

What I fail to understand is how you are responsible for your Father's bills.

Kathryn Said:

My credit is really bad and I need someone to help my repair so I can refinance my mortgage. Any suggestions?

We Answered:

Everybody wants you to go to xyz company. It took you awhile to get bad credit and it will take you a while to repair it. It is very simple pay off your bad accounts or bring up to date. After that pay consecutive payments for two to three years. There is no quick fix. Items on your credit report stay for 7 years so all you can do is to show that you are paying on time.

Freddie Said:

What is a mortgage refinance with bad credit the pros and cons?

We Answered:

You like to know about pro and con bad credit, you can see at http://nice-tip.com/finance/a_mortgage_r…
I found it from google. Hope you enjoy it.