Q&A: Is there a loan company out there anywhere that refinances under 500 credit score to stop foreclosure?

Question by loveystar1: Is there a loan company out there anywhere that refinances under 500 credit score to stop foreclosure?
I am in need of refinancing our home. We are currently almost 2 months behind on our mortgages. We stopped the foreclosure in October but are headed that way again if we don’t find a way to refinance. When we stopped the foreclosure in October we thought it was paying for Novembers payment too but it wasn’t so we were behind a month again right off the bat. We have a first and second mortgage we want to consolidate them. We also have an adjustable rate mortgage that is killing our finances. We filed bankruptcy almost 7 years ago. This is my dream home and don’t plan on leaving it until I go in a box in the ground. If anyone knows anything that would help I would be very greatful.

Best answer:

Answer by laura D
Yes, there are people who do that, but your rate will be 14% or way more.

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