How difficult is it to refinance with bad credit?
mary m asked:
We bought our house 11 years ago, owner finance. We have NEVER had a late payment, but unfortunately, the man does not report to the credit agency. Anyway, we owe $60K on the house and it is worth around $350K. We would like to refinance to get “ahead” but our credit is poor. Any suggestions?
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We bought our house 11 years ago, owner finance. We have NEVER had a late payment, but unfortunately, the man does not report to the credit agency. Anyway, we owe $60K on the house and it is worth around $350K. We would like to refinance to get “ahead” but our credit is poor. Any suggestions?
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is your name on title? if it is, with that low of loan to value, you shouldn’t have a problem refinancing.
right now, it is almost impossible. Your best bet is to fill out forms online requesting a refinance. When you do this, your refinance information goes out to lenders (not any personal information) then lenders who think they can help you will call you up and give you a quote.
One place to start is here:
if you can’t get help there, you can try lending tree.
Hi,
I used “Credit Solution” to settle my loans.They managed to reduce my loans up to 58% .It’s legitimate.I came across this company on NBC News Special Edition.Check it out here: