can you refinance a house with bad credit

How to Refinance a Home Loan If You Have Bad Credit – Credit is only one part of the puzzle when you apply for a mortgage or to refinance a home loan. Many other factors are considered, and programs exist to help people with poor credit refinance their mortgages. Here are some strategies to refinance a home loan if you have poor credit: Know your credit score

You’ve got a decent income, pay your bills on time, but maybe there’s been a glitch and your credit score has taken a bit of a beating. Can you refinance your mortgage with a low credit score.

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Can you refinance a house with a bad credit score? | Yahoo. – Can you refinance a house with a bad credit score? We currently have a 3 year balloon term, but I would like to refinance to a traditional mortgage amortized over 30 years. We got this loan only because we had bought the house on contract and the bank it was at let us do this, to get it in our name.

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Applying for a Mortgage When Spouse Has Bad Credit – I am married, have a good credit score, and my spouse has bad credit. Can I apply for a mortgage on my own? I have been married for about one year and we want to buy a condo, but my spouse has bad credit that will hold us back on a good loan. My credit is good. Can I apply for a loan on my own, for.

Refinance with Bad Credit Options. There are refinance programs that will get you a lower rate and payment. There are other programs that will allow you to get cash using the equity you have in your home. Here are some of the refinance options you have with less than perfect credit scores.

I’d like to refinance at a lower rate but my credit score is below 600. What can I do to find a better rate? My house is appraised at over $130,000 and I owe less than $80,000. A: The good news is that you should be eligible for an FHA streamline refinance. HUD requires no credit check and no appraisal is required on the property being.

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FHA Refinancing with Bad Credit Scores – FHA refinancing can be easy to qualify for because bad credit scores are allowed and you virtually no equity is required to refinance. If you have a credit score of 500 or better, there is a good chance you will be eligible for a bad credit FHA mortgage refinance.