Refinance With Bad Credit

Question: How difficult is it to refinance with bad credit?

(Posted by: mary m on 2008-04-18 10:25:49)

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?

Posted by: Jennifer F on 2008-04-18, 10:29:52

Is your name on title? if it is, with that low of loan to value, you shouldn't have a problem refinancing.

Posted by: MannyV3 on 2008-04-18, 10:31:04

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: endthisdebt.com/ refinance.cfm if you can't get help there, you can try lending tree.

Posted by: Jennifer on 2008-04-21, 16:54:14

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: shrinkurl.us/ vfq