What is a mortgage refinance with bad credit the pros and cons?
You like to know about pro and con bad credit, you can see at http://nice-tip.com/finance/a_mortgage_refinance_with_bad_credit_the_pros_and_cons.html
I found it from google. Hope you enjoy it.
Can I refinance a mortgage with bad credit?
I have been in the house 8 years and have a rate of 7 for 30 years. I have bad credit and wonder if it would benefit me to refinance to a lower rate?
See http://www.esuperfind.com/lowermybills.phpp?id=hra0tt16koo9 the actual firm is an Experian company BBB approved so very safe.
They might or they might not. It depends on many factors and how big the debt is.
With bad credit, can I refinance my mortgage to the lower rate or will my bad credit prevent me from refi?
I have heard conflicting reports on this.
Now paying rate: 6.25%
Mortgage Rates today: 4.5%
Can I get the lower rate with bad credit?
So I guess the gentleman on Good Morning America does not have his facts straight. He said even with bad credit your mortgage company will refinance because the lower rate will help you stay current on your house note.
Actually it might be possible under the new “Home Affordable Refinance Program”, this requires most Fannie Mae and Freddie Mac lenders to work with you, if you have certain circumstances. Here is a website to check it out:
Refinance my mortgage with bad credit…Help?
My boyfriend broke up with me and the house is in my name so now I cant afford the mortgage with my income even if I was to tighten my belt I just cant do it he picked up all the slack…So i dint want to loose my house We got into loans to furnish the house and I was suspended from work without pay for two months I’m barely catching up and he left me. Help and don’t put dumb responses I need real help I have 10,000 in bad credit and need to refinance.
My credit was perfect thats how i got a house he was my undocumented income.Then we got a couple of loans to furnish the house.I was suspended from work with no pay I’m back at work now with pay its been two months
Once again I’m at work getting paid now for two months
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.
How can i find a mortgage company to refinance me with bad credit?
If i’m currently in a chapter 13 bankrepucy how can i get requalify?
Depends on where you are, if you are in US, there’s a lot of problem right now going on on Real Estate/Home loan.
You might have a hard time due to your bad credit history. Lenders are being strick nowadays because of the downfall of real estate market.
If I am in your shoe, I will have to work 3 jobs, foreclose my house maybe and look for an affordable apartment.
Powered by Yahoo! Answers