Refinance With Bad Credit

Question: I'm looking for a lender that can help refinance with bad credit?

(Posted by: Little Dragon on 2007-05-03 08:08:13)

My fiance and i want to refi, on our home. I have tried every company i can think of. We both have bad credit, but we need to also cash out to pay off our debt and start over. He owns his own business and it just started picking up again. It's seasonal work(painting). We want a loan with high interest so the payments are afforadable in his off season. Mortgage companies keep telling me that our home is worth too much? I find that hard to believe. If any can help we would thank you very much. I am trying to avoid bankruptcy.

Posted by: nickeli86 on 2007-05-03, 08:22:19

I would be happy to discuss this with you. We are a direct lender as well as a broker. I have access to pretty much everything. There is always a solution. annette@annettesousa.com

Posted by: i8ntsane on 2007-05-03, 08:23:53

I heard of this company you caould try. I haven't yet tried them myself. lowrateapprovals.com/ 61452 I just posted a question to see if anyone else has tried them. I checked out the site and they do have credit repair too.

Posted by: Jeremy Pham on 2007-05-03, 12:07:41

Well, first off if your credit is below 500, then you might be looking for a hard money loan. The interest rates will be high, and I am telling you this so it won't come as a surprise. I always tell my clients this: If someone walks up to you and quotes you a rate without knowing anything about you, walk away. Rates are determined by l;oan to value, debt to income, and credit score. I have a quiestion for you though, are you in foreclosure? If you can't find anyone to help you, you can call me and we can discuss this situation more in depth and figure out what options will be beneficial to you. Good luck. Jeremy Pham Mortgage Lending & Investments 866-966-4224 ext. 7608