Is there any reputable mortgage companies that will refinance people with not good credit?
Written By: admin on May 27, 2009
One Comment
My husband and I are so tired of dealing with shady refinance people. We know that our credit is not excellent (550's) but is there anyway we can still get a halfway decent refinance? We have not had any issues paying our mortgage on time since 2004, but we have hard a hard time catching up on other past due accounts. We want to refinance and get a small money out so that we can hopefully pay off all of our debt and start fixing our credit. I just don't want to get screwed by junk fees, unneccessary closing costs and a rate that kills us every month. Is this even possible?
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Tags: closing costs, due accounts, hard time, junk fees, money, mortgage, RefinanceTags: closing costs, due accounts, hard time, junk fees, money, mortgage
It is possible with certain lenders. Its not impossible but to have no fees/closing costs. You will face that with nearly any lender except a bank who usually has the lowest fees. What does your transunion score look like? If its higher then the other 2 scores, you may be able to get a decent loan with Deutch bank. They base rates only on transunion score. You may also want to try lendingtree.com. They offer loans for folks with subprime credit. My suggestion, pay down as much debt as you have to raise your score. Best of luck!