2007-09-25 15:25:35 · 5 answers · asked by lyssa c 1 in Business & Finance ➔ Renting & Real Estate
Many lenders, banks in particular, deal in any sort of secured loan other than second mortgages. Other institutions deal almost exclusively in secured loans. Finance companies that deal in secured loans can be found in your phone book, newspaper, and increasingly, online.Shopand can get a good idea of what each can offer you in terms of interest and other finance charges and fees. Choose the best one for your needs, and apply for the loan.
2007-09-25 15:28:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You have the equity..........
Factors that will play into your refi will be
any lates in last 12 mos
Credit Score
Income/Employment history
Reserves would help but not required
We have plenty of lenders still lending their money right now.
Too many come on here saying there are no loans for bad credit or 100% financing and they just don't know what they're talking about.
We do loans for bad credit every day.
Open Book Advisors™
2007-09-25 19:23:43 · answer #2 · answered by Anonymous · 0⤊ 1⤋
You can get a 60%- 66% LTV refi done almost anywhere, the only question would be the rate and that depends on your credit and other factors. How bad is bad credit? If it's way bad, then you would probably only qualify for a hard money loan at a higher rate. if your credit is average to slighly dinged you can probably get a good rate from a variety of sources, including FHA.
http://www.freshstartmortgagehomes.com
2007-09-25 15:32:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
As long as you have plenty of excess equity almost anyone will loan to you.
2007-09-25 15:37:15 · answer #4 · answered by sm4125 3 · 0⤊ 0⤋
YES...
You'll probably pay higher then the "normal" interest rate, but it's better then nothing.
2007-09-25 15:33:10 · answer #5 · answered by Anonymous · 0⤊ 0⤋