I have an adjustable rate mortgage and my mortagage has gone up recently considerable. My credit is not good.

Question

Is there is anyone who can help me get a mortgage to refinance my mortgage even though i have bad credit.

Answer 1

If your mortgage you have now is current you might write a letter to your mortgage company asking them if they will refinance your mortgage.

Most mortgage brokers/lenders have a mortgage called a mortgage only loan.

This means that if you have paid your mortgage for 12 months without missing a payment or a 30 day late, they will refinance you no matter your credit score.

Try the company that currently hold your mortgage first. If they fail to do the refinance contact a mortgage broker, which you might find in your local telephone book.

Make sure you are speaking with the company that handle your mortgage and not the company that is servicing your mortgage for another company. If, after you call ask if they are your mortgage company or are they servicing your loan for another company?

I hope this has been of some use to you, good luck.

"FIGHT ON"

Answer 2

while buying for a fastened fee, the fee quote you tend to be given via the loan broking provider would not component in ultimate expenses. the fee quote you want to apply and get would be called the "APR". Banks will quote you a fee based on the quantity of funds you're borrowing and not what you're actually receiving on your use. The APR takes each thing into consideration and is the proper approach to evaluate. working example, enable's think of you're borrowing 100k. One economic employer expenses you 7% fastened and the different expenses you 6.75 fastened. the extra efficient APR could be with the 7% loan through diminish ultimate expenses linked with the loan. If the 7% loan has 3500 ultimate expenses as against 5000 with the 6.75, the APR on the 7% could be decrease and you will not be conscious of this purely via asking the broking provider for the economic employer fee. dodge a midsection guy broking provider if achievable and bypass with an instantaneous lender if achievable. with out pondering ultimate expenses, you're working blind. At ultimate you will take delivery of a Federal fact in lending fact which many brokers do not understand and could inform you it incredibly is purely some loopy way the government figures interest. it incredibly is the interest on the money you're actually getting as against what you're borrowing.

Answer 3

The best way is to improve your credit, then you'll be able to get a a new mortgage.

Answer 4

Country Wide is doing some for bad credit.

I know someone with a 400 who was able to refi thru them. I do not know how bad the interest rate is though.

You can expect to pay a pretty high rate with bad credit.

Also make sure that you can refi, if it is under 2 years you may not be able to.

Answer 5

email me at [e-mail]

Mickey Dubberly