View Full Version : Refinance with poor credit
plyinsmn
Jun 15, 2007, 06:19 AM
How can I refinance my house I have poor credit and my house is mortgaged to 100% of value right now. I would like to get additional money to pay off all my debts and make it easier to pay the mortgage.
Fr_Chuck
Jun 15, 2007, 06:49 AM
If you want to get more than 100 percent of the home value, you will need good credit, since they are granting the additional money
ScottGem
Jun 15, 2007, 07:35 AM
I doubt if anyone will refi if you are already at 100% of value, especially if you don't have good credit. Anyone who might do so will probably charge a huge interest rate.