Question by NicosMommy: Is there any reputable mortgage companies that will refinance people with not good credit?
My husband and I are so tired of dealing with shady refinance people. We know that our credit is not good (550’s) but is there anyway we can still get a halfway decent refinance? We have not had any issues paying our mortgage on time since 2004, but we have hard a hard time catching up on other past due accounts. We want to refinance and get a little money out so that we can hopefully pay off all of our debt and start fixing our credit. I just don’t want to get screwed by junk fees, unneccessary closing costs and a rate that kills us every month. Is this even possible?
Answer by baltimman
Know better? Leave your own answer in the comments!
you should go to http://www.acornhousing.org and look up the office closest to you. They are a non profit organization that partners with bank of america and they have wonderful loan deals for people regardless of credit score. Good for refinances too! 🙂
It is possible with certain lenders. Its not impossible however to have no fees/closing costs. You will face that with almost any lender except a bank who usually has the lowest fees. What does your transunion score look like? If its higher then the other 2 scores, you may be able to get a decent loan with Deutch bank. They base rates only on transunion score. You may also want to try lendingtree.com. They offer loans for folks with subprime credit. My suggestion, pay down as much debt as you have to raise your score. Best of luck!
i think you should try out TopDot.com there a national mortgage bank that i’ve been working with for a while now and we are currently brokering deals to many lenders and can probably get you a deal somewhere. If you want more info about our company or me email me at Ringmessenger18@yahoo.com