Debt consolidating mortgage people poor credit
However, rates are significantly higher than what is available at a standard lending ratio of 80 per cent.
Several legitimate refinancing options, including programs like the Home Affordable Refinance Program and the Federal Housing Authority’s streamlined refi, don’t require credit checks or credit scores.
All defaults and judgments generally remain on your credit file, irrespective of whether or not they are paid, for a period of five years from the date they are listed.
Bankruptcy information may remain on your credit file for up to seven years.
So while refinancing with bad credit isn’t the norm, it is possible.
If you have blemished credit and want to refinance your mortgage, here are seven options to investigate.