tag:blogger.com,1999:blog-75567412506182979672012-02-16T11:55:04.203-07:00Learn how to refinance a mortgage with bad credit. Improve bad credit to help with a mortgage loan. Find bad credit refinance lenders.J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.comBlogger131100tag:blogger.com,1999:blog-7556741250618297967.post-51563732336454014862010-03-24T09:30:00.001-06:002010-03-24T09:30:52.093-06:00

With the new government regulation of the lending industry, it has become more difficult to find lenders that will offer a no closing cost refinance loan.  Bank of America, formerly countrywide, still offers it depending on your credit score.  Typically a no closing cost loan costs more over the term of the loan.  The lender will build your closing costs into the loan.  so for example, if you

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0tag:blogger.com,1999:blog-7556741250618297967.post-41208534634927443952010-02-05T21:56:00.000-07:002010-02-05T21:56:54.421-07:00

The MYTH: I have bad credit so when I go to refinance my home, I'm going to get stuck with a bad interest rate.  Interest rates have dropped this week, currently they are at 5.05% and 4.49% for a 30 year mortgage and 15 year mortgage respectively.  Even with your poor credit, you're still going get a killer interest rate.  Now is a good time to at least go talk to a bank or bad credit lender. 

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0tag:blogger.com,1999:blog-7556741250618297967.post-72830042009533440422010-01-26T11:03:00.000-07:002010-01-26T11:03:21.596-07:00

Lots of mortgage companies are hesitant to finance people with bad credit or only a little money as a downpayment. A "bad credit mortgage lender" helps people who have a low credit score, low income, or no money down. A bad credit mortgage lender will help you get a loan approved faster than programs offered by credit unions or a traditional bank.  The downfall is that you may have higher fees

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0tag:blogger.com,1999:blog-7556741250618297967.post-61360851578179275502010-01-17T10:28:00.000-07:002010-01-26T11:02:31.728-07:00

There is a lot of bad information out there. If you have bad credit and are shopping around for a refinance or a mortgage you may run into some of this.  It is vital that you are educated because of this bad information.  I've had reputable bad credit mortgage lenders and refinancing specialists tell me some of this.  Here is the truth. Closing accounts - Your mortgage lender may tell you to

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0tag:blogger.com,1999:blog-7556741250618297967.post-83030333923509124222010-01-15T10:07:00.000-07:002010-01-26T10:14:50.666-07:00

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. References - ask the lender for a list of people they recently did a mortgage refinance for that you can contact.  Then contact them! Listening - Talk to the lender and be sure they understand your credit situation.  Many lenders who

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0tag:blogger.com,1999:blog-7556741250618297967.post-82400552144878247822010-01-02T15:59:00.000-07:002010-01-30T16:01:01.154-07:00

Credit cards might be responsible for getting you into your bad credit situation.  In my opinion they are a necessary evil.  So here's how to get a credit card even if you have bad credit.  First try your personal bank or credit union.  They already have your checking, savings, auto loan, and mortgage accounts, so they could be more willing to give you a credit card.  Also check with department

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0tag:blogger.com,1999:blog-7556741250618297967.post-49890431811888027782009-12-20T06:35:00.000-07:002010-01-26T11:02:55.729-07:00

Unfortunately many bad credit mortgage lenders hide fees.  This seems to be more prevalent in lenders who specialize in refinancing people with bad credit.  These fees can be snuck in where you don't expect them.  They are universal for bad credit mortgages and refinances.  With refinances there seems to be more hidden fees. Here are a few fees to watch out for.  Application fees Just because

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0tag:blogger.com,1999:blog-7556741250618297967.post-21738577511672375552009-12-12T13:58:00.000-07:002010-01-26T10:15:02.151-07:00

We will be reviewing a bad credit mortage refinance specialty lender today.  Credit Help Services is a lender who specializes in lending to people with bad credit who want to buy a new home or refinance an existing mortgage.  CHS was very helpful and really displayed a solid history of helping people with bad credit refinance.  They have been in business for 20 years and are very busy with

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0tag:blogger.com,1999:blog-7556741250618297967.post-58072645793253260402009-11-01T21:47:00.000-07:002010-01-26T10:15:23.053-07:00

If you have bad credit you're probably paying high interest rates on your car loan, credit cards, and other things.  If you're tired of this you have 2 options.  You can refinance your home to pay off your other loans, or you can pursue debt consolidation.  Debt consolidation for people is bad credit isn't as difficult as you may think.  First check with your credit union or local bank.  See if

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0tag:blogger.com,1999:blog-7556741250618297967.post-80266634075688464202009-10-24T09:59:00.000-06:002010-01-26T10:16:15.883-07:00

Here are some Bad Credit Refinancing Facts Bad credit does not mean you can't get a good rate on a mortgage refinance.  Banks WILL loan you money because the terms of these loans are often a bit tougher.  This means they will potentially make more money.  Getting your adjustable rate mortgage refinanced with bad credit can help you to improve your credit score and build up a stable credit

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0tag:blogger.com,1999:blog-7556741250618297967.post-49607279301231625102009-10-12T09:07:00.000-06:002010-01-26T10:16:01.565-07:00

This site is designed to inform you of ways in which you can get a home mortgage with bad credit, or refinance a loan with bad credit.  One question I often get asked is what other types of loans can a person with bad credit get? Personal loans These loans can be a great tool because many are unsecured, meaning there is no collateral.  This makes the paperwork faster and cheaper.  Many banks

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0tag:blogger.com,1999:blog-7556741250618297967.post-86462417522211629852009-10-01T05:55:00.000-06:002010-01-26T09:07:11.491-07:00

Refinancing or getting a bad credit home mortage isn't easy.  The simplest fix is to improve your credit score.  Here are the 9 fastest ways to bump up your credit score so that you can avoid those bad credit home refinancing lenders.  Maybe even get a better deal. 1.  Get a copy of your personal credit report Go to each of the 3 main credit bureaus and get your report so you can identify

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0tag:blogger.com,1999:blog-7556741250618297967.post-7516696717991994942009-09-29T01:48:00.000-06:002010-01-26T09:07:30.518-07:00

Bad Credit, The Bottom Line Bad credit is not the end of the world. May reputable bad credit refinancing specialists will do "in-house" underwriting. They will look at your income to debt ratio, credit history, your employment history, and any defaults you may have had.  If your credit score is really low, they may require you to bring extra cash to the closing.  A good tip is to try to have as

J.Raffhttp://www.blogger.com/profile/11510869218351429950noreply@blogger.com0