Bad credit refinance

If you are a home owner and have bad credit, you may still be able to refinance your mortgage.

Many sub prime lenders will allow medical collections to be left open and any accounts that may be in collection to be left open as well. The guidelines vary from sub prime lender to sub prime lender so be sure to contact me, at with any questions you may have.

A good Mortgage Professional will be able to help identify what the problems are with your credit history and provide you some strategies on how to improve your credit.

If your credit is in jeopardy and you need to refinance do not expect the low rates you hear advertised on the radio. The low rates you hear quoted in mortgage advertisements are mainly geared towards the borrower with perfect credit.

There are even many programs available for people who have just gotten out of bankruptcy, and also for those people who are still in a bankruptcy.

Most of the time, lenders who do these types of loans do not look at your payment history on revolving accounts, such as credit cards. They are more concerned with your payment history on your mortgage.
Even if you have had late payments on your mortgage in the past or currently, you still may be able to refinance and get the cash-out that you need.

Many mortgage professionals have access to non-prime lenders who work with people that have run into financial trouble. Their guidelines are often quite flexible and their initial qualifying criteria is generally based on the loan to value of your home.