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Can I refinance if I have bad credit but $35k in equity?

by kellis.33544 from Simpson, Kansas. 9 days ago Reply


Sara Deere (Saraloveshomeloans)
#1 ranked lender in Kansas - 511 contributions

More information is needed at this time. You can contact me directly at www.saradeere.leader1.com or call 816-739-6279.

6 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,000 contributions

Much More info needed.. Everyone's perception of "Bad Credit" is different.. This is why lenders use credit scores as a tool to determine eligibility.. Lenders also run all 3 major bureaus and go by the mid score for qualifying.. without more info, no one here can advise you.. For this reason, I suggest you contact a mortgage banker/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

6 days ago
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