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    plyinsmn's Avatar
    plyinsmn Posts: 10, Reputation: 3
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    #1

    Jun 15, 2007, 06:19 AM
    Refinance with poor credit
    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    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.
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