Question by kimmee812: If I have been late with 1 mortgage payment can I still refinance?
I am so struggling with my mortgage payments Does anyone know of a good refinance company ?, and could they recommend anyone?
Best answer:
Answer by leysarob
When you do refinance the new mortgage company will ask you to explain the reason for the late payment (I just went through a refinance — went through Lending Tree to find a company to handle the refinance). If the reason is decent (like a big medical bill, or something like that) they will overlook that one late payment.
Know better? Leave your own answer in the comments!
They tend to frown upon missed payments but if they see that it’s not a habit then they wont give you too much flack about it
but try to stay up on your payments so that they have no excuse to decline your application