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
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.