Refinance with Bad Credit

With the U.S economy sputtering, many homeowners are struggling to refinance with bad credit, because most lenders have tightened lending guidelines drastically. With many borrowers finding their adjustable rate mortgage payments rising, securing a fixed rate mortgage has become a priority. In the past, bad credit refinancing carried a higher interest rate, but today the rates are just as low as the loans for people with good credit scores. If the credit bureaus are revealing low scores on your report, you may need to consider some alternative options for refinancing. Let our team of lenders help you reduce your housing payments when refinancing with bad credit and poor fico scores.

Refinance and Save Money, Regardless of Your Credit

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Certainly if you have bad credit, refinancing may be more challenging, but don't fret because there are refinance solutions available today. The Federal government has been adamant about extending relief to distressed borrowers. Obama announced that Fannie Mae and Freddie Mac will be removing the loan to value restrictions from the Home Affordable Refinance Program.

Save Money Now and Get Help Refinancing with Bad Credit

The Federal Housing Administration also raised loan limits again in an effort to help more borrowers who live in high cost areas. We know that finding a solution for refinancing bad credit loans can be quite a journey, but our team has made great efforts to simplify the process. If you want to more information on how to refinance with bad credit, please complete the form above and one of our loan officers will follow up with you shortly to discuss refinancing solutions.

 

Resource Tools


Refinancing Calculator
If you have a home loan with an interest rate above 5% there is a good chance you can save money by refinancing.

Get help calculating the monthly payment and discover how much lower your payment could be after refinancing. This calculator will also calculate how many months it will take to get a return on investments for the refinancing costs.

Recent Nationwide Articles:
Mortgages for People with Bad Credit

Second Chance Mortgage
Refinancing after a Bankruptcy

Sub-Prime Refinancing

Additional Refinancing Pages:
Cash Out Refinance | Underwater Mortgage | Home Affordable Refinance | FHA Mortgage Bad Credit History OK
More Refinancing Pages for Bad Credit Borrowers:
Bad Credit Mortgage
| Bad Credit Refinance | Home Loan for Bad Credit | Mortgage Refinance for Bad Credit | Poor Credit Home Loans |
Bad Credit Home Equity Loans | Home Equity Line with Bad Credit | FHA Loan for Bad Credit | No Credit Home Loans
Apply Now | Disclosures and Terms | Mortgage Refinance Rates
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
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