How difficult is it to refinance with bad credit?

mary m asked:


We bought our house 11 years ago, owner finance. We have NEVER had a late payment, but unfortunately, the man does not report to the credit agency. Anyway, we owe $60K on the house and it is worth around $350K. We would like to refinance to get “ahead” but our credit is poor. Any suggestions?

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Tags: 11 Years, Bad Credit, Owner Finance

This entry was posted on Monday, October 13th, 2008 at 6:12 pm and is filed under Credit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “How difficult is it to refinance with bad credit?”

1. Jennifer F Says:
   October 14th, 2008 at 7:28 pm

   is your name on title? if it is, with that low of loan to value, you shouldn’t have a problem refinancing.

2. MannyV3 Says:
   October 17th, 2008 at 1:52 am

   right now, it is almost impossible. Your best bet is to fill out forms online requesting a refinance. When you do this, your refinance information goes out to lenders (not any personal information) then lenders who think they can help you will call you up and give you a quote.
   One place to start is here:

   if you can’t get help there, you can try lending tree.

3. Jennifer Says:
   October 20th, 2008 at 8:29 am

   Hi,
   I used “Credit Solution” to settle my loans.They managed to reduce my loans up to 58% .It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:

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