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Day: June 9, 2022

How to Refinance Your Home with Bad Credit?

How to Refinance Your Home with Bad Credit?

Business, Finance
Statistics imply that mortgage rates are rising faster than they ever have. With these bills to pay and bad credit, you may be wondering if it is still possible for you to refinance your home. Here is the short answer- yes, you can! The real estate boom induced by the pandemic has resulted in home values increasing in many parts of the country. Even if you have a credit score below 580, you can refinance your home with just a few simple steps. Here's how you can still pursue your North East bad credit home refinancing. Consider an FHA Streamline Refinance If you have an FHA loan, this can be an excellent option for you. In this process, borrowers with a credit score of even 500 but with home equity of 10% may be approved by mortgage lenders for refinancing. Portfolio Refinance Loan to t...