5 Things to look for in a lender

In your search for a bad credit mortgage refinance here are 5 things to look for in a lender.  Avoid bad credit lenders who don't meet these requirements.

1. References - ask the lender for a list of people they recently did a mortgage refinance for that you can contact.  Then contact them!
2. Listening - Talk to the lender and be sure they understand your credit situation.  Many lenders who specialize in bad credit mortgages will be very interested in your exact situation and how they can help. Avoid a lender who doesnt' seem to care about your unique situation and just "pushes" a product at you.
3. Terms - Bad credit mortgage refinancing lenders are required to give you all the terms of the loan.  Ask them about fine print.  Ask tons of questions over and over.
4. Business History - Large numbers of bad credit refinancing lenders have come and gone.  Check their business history, how long have they been lending? How long have they been in this city/state?
5. Personal Contact - You will probably deal with a bad credit mortgage specialist.  This person will give you a business card and should follow up with you periodically through the process.  If you have trouble contacting this person you should look elsewhere.