Reported 2 days ago
Refinancing a mortgage with bad credit can be challenging, but various options exist for homeowners struggling with low credit scores. Start by consulting your current lender, explore government-backed loans like FHA or VA programs, and consider alternatives such as portfolio loans or finding a co-signer. Programs like Fannie Mae's RefiNow and Freddie Mac's Refi Possible offer flexible terms even for those with poor credit. Ultimately, weigh the benefits against risks, as current mortgage rates may not provide better terms than your existing loan.
Source: YAHOO