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is there any lender that will give me a refi/debt consol with a $2600 charged off credit card?

My mortgage history is good, other credit is paid. I have a first mortgage and home equity loan that I would like to refi and cash out to pay off the $2600 charge off and other balances. I have equity in my home to be able to do this. I have been turned down by some banks already. I can pay the mortgage with no problem. by donnaf_744_756 from Kittanning, Pennsylvania. Jan 16th 2013 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Some lenders will have a problem with this, others will not.. Typically, your local bank has greater restrictions than say a mortgage broker, who works with numerous lenders with a multitude of different lending programs, rather than just one or two.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. 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

Jan 16th 2013
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Matt Pollina (matt@smartmtgs.net)
#59 ranked lender in Illinois - 40 contributions

Did they say why you were turned down?

Jan 16th 2013
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Steven Ceceri (CreativeFinancingOptionsGroup)
#36 ranked lender in Massachusetts - 723 contributions

If you would like a Free, No Obligation Review, send me a message and I will send you what I need to review for the documents you already have.

Jan 16th 2013
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Because of the $2,600 charge off

Jan 16th 2013
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Steven Ceceri (CreativeFinancingOptionsGroup)
#36 ranked lender in Massachusetts - 723 contributions

I am sure there is more than just the charge off at issue. Again, my offer to help is still open!

Jan 16th 2013
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

We would be happy to review your entire situation to see how and what the Best Mortgage Option for you and your family would be! You can call us 201-962-3555 or email us your info so we can call you to discuss. Team@BestMortgageOption.comAsk for Michelle or Benny!

Jan 16th 2013
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Ray Hazucka (r.hazucka@mybbmc.com)
#67 ranked lender in Illinois - 36 contributions

sure. would you know what your credit score is? I would need a little bit more info, but I don't see why.

Jan 16th 2013
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Linda Miller (Linda Miller)
#2 ranked lender in Utah - 568 contributions

How long ago was the charge off? If it is not recent I don't see why the bank would use that to deny you. I think you should talk with a Lender 411 mortgage professional. Let them have a look at your credit report and see if this is the issue or if there might be something else. There are so many factors associated with getting a home loan. I wish you the best of luck.

Jan 16th 2013
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Andrew Alfonso (CashCow)
#43 ranked lender in Florida - 271 contributions

Donna. Time is the key. Give The Time Some Time. How Long Ago Charged Off? Andrew.

Jan 16th 2013
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

We are a Direct Lender in PA. We can use the funds from cash out to pay the charge off. Contact me by phone or email. PBotros@OmegaLoans.net or 908 933 0253 Peter Botros

Jan 16th 2013
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Edgar Aranda (earanda)
#751 ranked lender in California - 93 contributions

Loan to value needs to be considered here. If your credit score is at least a 620 this should be doable. With no lates on your mortgage in the past 12 months and no bankruptcy or foreclosure in the past 3-4 years

Jan 16th 2013
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