|
Refinance Your Mortgage to Rebuild Credit
Refinancing your mortgage
is one way to rebuild your credit, particularly if you
have recently declared bankruptcy. With a poor credit history,
you can find refinancing through a sub prime lender. To
rebuild your credit, make regular payments on your mortgage
and other bills. Then after two years, refinance again
for lower rates with your now good credit rating.
Top Recommended Companies To Refinance With:
(updated ):
Act Now! Lower your monthly mortgage payment!
- Competitive rates and no hidden fees
- Bad Credit OK
- New Purchases, Home Equity & Refinance
- One dedicated mortgage banker from first call to closing
- Quick Application with worthwhile results
If you are looking for a mortgage loan but have "less than perfect credit" this company has options for people with credit problems. Complete a short form and get one dedicated mortgage banker from first call to closing with a simple, straightforward process.
Mortgage rates are still low. Refinance & Lower Your Payment!
- Get Started on a Lower Payment Now!
- America's #1 Online Lender
- Save More and Spend Less!
- No Obligation and Free Expert Advice Another Great "bad-credit" Mortgage Company! QuickenLoans is also a competitive mortgage company for people with all types of credit including poor credit. Refinance or get new mortgage offers from this reputable Web based mortgage lender.
A Note About Sub Prime
Lenders
Sub prime lenders offer B,
C, and D credit, which means they offer credit to high
risk lenders. For taking on these high-risk loans, sub
prime lenders charge slightly higher interest rates and
fees.
Some sub prime lenders charge
excessively high fees, but you can screen these out by
comparing mortgage rates. Online mortgage lenders make
this easy with their online quotes and posted rates.
Applying For Refinancing
Applying for refinancing has
been made easy with the internet. The first step is to
collect several financing offers, and sort through them.
Look for low fees and interest rates.
Once you have picked a mortgage
lender, fill out the application either online or request
an application mailed out to you. Once you have submitted
your application, it will be reviewed and processed. You
refinancing should be completed in about 6 weeks.
Getting Financing Approval
Getting approval for your
refinancing application is a common concern. While lenders
approve more B, C, and D credit loans today, you can also
stack factors in your favor. Paying off loans, closing
unused credit card accounts, and making regular payments
on credit cards and other loans will help. Another step
is to put a note in your credit report explaining the reason
for past due bills, foreclosures, or bankruptcy.
Rebuilding Your Credit
The next step to rebuilding
your credit is to make regular, on time payments on your
refinanced mortgage and other bills. Making regular payments
is the single fastest way to establish good credit. Make
the bill payment easy by setting automatic withdrawals
through your bank.
Refinance With Good Credit
After you have established
a good credit history, apply again to refinance your home
for lower interest rates. If you declared bankruptcy, wait
at least two years to refinance. However, if you simply
had a series of late payments on your credit, wait a year
before researching refinancing options.
Here are our recommended sources for bad credit refinance lenders online:
Top Recommended Companies To Refinance With:
(updated ):
Act Now! Lower your monthly mortgage payment!
- Competitive rates and no hidden fees
- Bad Credit OK
- New Purchases, Home Equity & Refinance
- One dedicated mortgage banker from first call to closing
- Quick Application with worthwhile results
If you are looking for a mortgage loan but have "less than perfect credit" this company has options for people with credit problems. Complete a short form and get one dedicated mortgage banker from first call to closing with a simple, straightforward process.
Mortgage rates are still low. Refinance & Lower Your Payment!
- Get Started on a Lower Payment Now!
- America's #1 Online Lender
- Save More and Spend Less!
- No Obligation and Free Expert Advice Another Great "bad-credit" Mortgage Company! QuickenLoans is also a competitive mortgage company for people with all types of credit including poor credit. Refinance or get new mortgage offers from this reputable Web based mortgage lender.
|
