Can you refinance a mortgage even if you have bad credit?

Question by : Can you refinance a mortgage even if you have bad credit?
I only owe $ 39,000.00 on a home worth $ 150,000.00. It is a loan through Beneficial at 12.5% interest. My credit is bad due to the fact I assumed my deceased father’s bills. I would like to refinance my mortgage and get some cash out to pay off all my bills. I have a good income now.

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