Photo by Jessica Furtney on Unsplash. Roughly four percent of homeowners who refinanced their mortgages in July 2018 had a credit score of less than 600, according to mortgage software company ellie mae.While that figure shows that it’s not easy to refinance your home when you have bad credit, it also shows that it’s possible.
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5 Ways to Refinance a Mortgage With Bad Credit – SmartAsset – Think again. With less-than-perfect credit, you won’t have access to the lowest interest rates or the best loan terms. But qualifying for a refinance may be possible even if you’ve had to file for bankruptcy. Here’s a look at five ways to refinance a mortgage with bad credit if you want to lower your monthly mortgage payments.
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