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here is me pay 940-65 000 loans. I myself am working and my credit is not good, you know single mother blah, blah, blah. All companies that you know and to give a chance, I have to clean my house.

6 Thoughts on I’m trying to refinance my home, and I have bad credit?
  1. Reply
    Diane B
    November 22, 2012 at 2:12 pm

    Check with your bank and see if they have a lending institute within itself for people with questionable credit. Some of the larger banks do.

  2. Reply
    sofisintown
    November 22, 2012 at 2:21 pm

    If your credit is bad you will get again a high interest rate and you are not going anywhere.
    Pay your unpaid bills – credit cards and you’ll be able to get a low rate. You shouldn’t be paying more than $ 410 on a 65K loan.

    Rates are even lower now (5.80% on a 30 year fixed in IL.), but if you are high risk, they won’t give you the money, or they’ll give it to you at a rip-off-rate.
    I wish you luck.

  3. Reply
    Spock (rhp)
    November 22, 2012 at 3:19 pm

    in the present mortgage market, the outfit that holds your present loan is likely your best bet.

    anyone else would be taking over what might be an iffy situation while this firm already has you as a customer.

    GL

  4. Reply
    Cat Lady
    November 22, 2012 at 3:50 pm

    Is there any way you can avoid refinancing until you have brought your credit score up?

    DO NOT get in an Adjustable Rate Mortgage (ARM). You may have a small payment at first, but they keep raising the payment, and VERY little of your payment goes toward the principal amount of your loan, it goes to interest.

    When you have a low credit score, sometimes you can only get a refinance on your mortgage with a very high rate of interest. And, some of the companies dealing with people with bad credit are looking to take your home away from you if you are late on a payment.

    Honey, $ 940 is not a big payment. Why don’t you see if you can take in a roommate, another single woman, who can help with the bills.

    And, only owing $ 65,000 is nothing, these days. Most people I know (California) have mortgages of $ 400,000 and up.

    If you belong to a credit union, talk to one of their credit counsellors. They can advise on how you can get your credit score back up. (You can join one easily, and they are SO much easier to deal with than a bank.)

    Please!! Talk to a credit counsellor at a reputable credit union
    before you do anything.

  5. Reply
    Adkins T
    November 22, 2012 at 4:24 pm

    Call Adkins Taylor
    BigHouse Mortgage
    510-215-7911
    If your FICO score is at least 575, you can prove you’ve been in business at least 2 years, you have tax returns for 2 years or bank statements to verify income, and you don’t have a bankruptcy or too many mortgage late payments in the last 24 months, depending on what state your home is in, I can probably get you a loan.

  6. Reply
    Bill D
    November 22, 2012 at 5:22 pm

    Someone here tried out this website about credit repair and went to the part called -bad credit mortgages- and got one from E-loan.

    I did try disputing a negative item on my report like they said from this site and it did work, so I would say he knows what he’s talking about!

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