Bad Credit Refinance Loans

Even with poor credit, if the current market value of your home is greater than the remaining loan amount, you have a good chance of being approved for a refinance loan. In many cases a refinance loan can lower your monthly mortgage payment, lower your interest rate, and/or allow you to take cash out at closing. Read more about refinancing with credit problems here, or conduct a search for mortgage companies that are taking applications for refinancing from people with low credit scores.

The articles below can help you determine how to obtain bad credit refinancing, in addition to providing useful tips describing how to shop for  sub prime refinancing, how to determine which type of loan is best for you, and what you need to know about the loan fees and prepayment penalties associated with a bad credit mortgage loan. 

Related Articles

• Bad Credit Refinance Tips: What Your Lender is Looking For
  People with bad credit probably stand the best chance to refinance with their existing lenders, so here are tips on how to approach them.
  December 31, 2008
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• Knowledgeable Loan Officers Can Help People with Bad Credit Understand Refinance Options
  Even if bad credit makes it hard to refinance now, you can use knowledgeable sources to learn more about your future options.
  December 31, 2008
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• Foreclosure: What Is a Short Sale?
  If you're behind on mortgage payments and poor credit is keeping you from a refinance, a short sale could help you avoid foreclosure.
  September 26, 2008
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• No Good Deed Goes Unpunished: Cosigning and Bad Credit
  Cosigning on a loan could saddle you with the disadvantages of bad credit, making approval for a mortgage refinance difficult and expensive.
  September 15, 2008
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• Take a Reality Check before Bad Credit Makes it Difficult to Refinance
  Using the home owner reality check quiz as an early warning against mortgage problems.
  September 15, 2008
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• Lender Expertise Especially Important for Bad Credit Refinances
  Lender expertise can be especially helpful in bad credit refinance situations.
  September 14, 2008
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• Refinancing: Upgrading from a Subprime Mortgage
  The better your credit, the more likely you will qualify to refinance your subprime mortgage. But is refinancing right for you?
  August 26, 2008
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• Bad Credit Mortgage Loans: Upgrade from a Sub-Prime Mortgage
  You want to refinance your bad credit mortgage to a loan with lower rates. Preparing in advance of shopping for refinancing options can help you qualify for better mortgage terms.
  August 26, 2008
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• Bad Credit Refinancing Can Help Rebuild Credit
  You want to refinance to consolidate bills, but don't want to risk more credit problems. Here's how bad credit refinancing works, and how it can help you reduce costs and establish a debt management plan.
  August 15, 2008
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• Emerging From Sub-prime: Bad Credit Home Mortgage Refinance
  Improvements in credit ratings can save you money in the form of lower mortgage rates
  August 14, 2008
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• Bad Credit Mortgages: Make Teaser Rates Work for You
  Borrowers with bad credit can use subprime mortgages to rebuild credit. Teaser rates on bad credit mortgages can help borrowers afford their homes.
  May 1, 2008
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• Foreclosure vs. Late Mortgage Payments: Is Late Better Than Never?
  Homeowners facing financial difficulties may wonder if it's better to cut their losses immediately and let the house go, or if they should make payments even if they are late.
  May 1, 2008
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• Deed in Lieu of Foreclosure: When You're Going to Lose Your Home
  Homeowners who can't pay their mortgages even if their lender restructures their loans may have to just hand over the house keys and leave. Here's how to minimize the damage when you walk away.
  May 1, 2008
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• Bad Credit Mortgage Options: Why Consider a Second Mortgage?
  If refinancing isn't an option for debt consolidation, a home equity loan can potentially assist with managing debt and improving bad credit
  May 1, 2008
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• Negotiating With Lenders Can Keep Your Home Out of Foreclosure
  If you have bad credit and are having trouble paying your mortgage, try to negotiate with your lender to avoid foreclosure.
  April 29, 2008
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• The Importance of Refinancing: Getting it Right
  When you refinance your home loan there's a few things to remember: always shop around and understand your rights.
  November 30, 2007
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• The 125% Mortgage: the Right Mortgage Refinancing Choice?
  If you are considering mortgage refinancing, you've probably heard about the 125% mortgage and wonder if it's the solution you've been looking for. Read on to learn more about this home loan and see if it might work for you.
  November 28, 2007
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• Is It Time to Refinance Your Mortgage Loan?
  Many people with bad credit are hoping to refinance their mortgage to get their payments under control. Here are some things you need to consider before jumping on the refinance bandwagon.
  November 9, 2007
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• Mortgage Shopping with Bad Credit? How to Get Your Credit Reports Free!
  If you have bad credit, but want to refinance your present mortgage, it is important to know what's in your credit report.
  October 15, 2007
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• Protect Against Home Foreclosures by Protecting Your Credit
  Property foreclosures are rising and many homebuyers are seeking to refinance out of high-risk mortgages. How can your credit help you to avoid a possible mortgage foreclosure?
  October 12, 2007
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• Mortgage Refinance News: Tightening Standards Calls for Credit Clean-up
  With a growing number of mortgage lenders tightening up their lending standards, you might need to spend some time cleaning up your credit before applying for a bad credit mortgage refinance.
  October 10, 2007
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• Avoid Foreclosure By Refinancing
  Don't worry! Despite all the news about tightening lender standards, you can still apply for a mortgage refinance.
  September 26, 2007
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• The Feds to the Rescue: FHA Loans May be Refi Solution
  Don't assume that with little equity and a credit ding or two you'll be stuck with a bad credit mortgage. Try FHA loans first.
  September 17, 2007
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• Bad Credit Mortgage Market Tightens
  Bad credit home loans and poor credit refinances will be harder to obtain in the current market environment, making credit repair a necessity for mortgage seekers.
  September 12, 2007
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• What's the Score? How Bad Credit Impacts Mortgage Lending
  Since your credit score influences mortgage lenders, it's important to know the score on how these numbers are determined.
  August 27, 2007
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• Bad Credit Mortgage Refinance: Understanding the New Requirements
  The news is full of talk about tighter home loan standards, but what does that really mean? Will you be able to qualify for a mortgage refinance if you have bad credit?
  August 15, 2007
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• Bad Credit Mortgage Refinancing: Avoiding Hidden Costs
  There will be closing costs and fees when you refinance your mortgage. If you have bad credit you'll pay a higher rate, too. However, by asking questions you can avoid surprises.
  August 13, 2007
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• Finding the Right Lender for Your Bad Credit Mortgage Refinance
  Understanding the differences between types of mortgage lenders can help you save time finding the best possible deal on your home loan refinance.
  August 10, 2007
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• Bad Credit Home Loan Refinancing: If You Don't Understand Your Mortgage You Could Be Buying Trouble
  Could you describe the terms of your current mortgage if someone asked you? Before you refinance your home loan make sure you understand the loan, ask lots of questions, and don't make your situation worse!
  August 3, 2007
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• Bad Credit Refinancing: Will the Market Players Respond to Consumers' Needs?
  Do you need to refinance your way out of an unaffordable home loan? Are worried about foreclosure or damaging your credit? Relief may be on the way.
  July 23, 2007
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• Making the Right Move by Mortgage Refinancing
  Smart refinancing means finding a loan that meets your needs and not all loan options are good for everyone. As you consider your mortgage refinance options make sure they match up with your goals.
  July 20, 2007
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• Bad-Credit Mortgage Refinance
  Have you been thinking about refinancing your mortgage and are now ready to make a move? Knowing ahead of time what you can expect at closing can help avoid any unpleasant surprises.
  July 18, 2007
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• Using the Cash-Out Mortgage Refinance as a Bail-Out
  Homeowners with growing credit card debt often look to the cash-out mortgage refinance as a solution. How do you know if this is the right move for you?
  July 16, 2007
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• Can't Afford Your Home Loan Payments? You Might Have a Way Out
  Many homeowners are now faced with skyrocketing mortgage payments. Find out how a small-town lawyer found a way out of bad home loans for her clients.
  July 11, 2007
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• Getting a Home Loan Refinance with Bad Credit: What You Can do to Improve Your Chances
  Mortgage lenders have been forced to adopt stricter standards when dealing with bad credit borrowers -- getting the home loan refinance you need means taking immediate action to improve your chances.
  July 9, 2007
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• Clean Up Your Bad Credit and Get a Better Rate with a 2/28 ARM
  Borrowers with bad credit have different mortgage needs from A-rated borrowers. Here's why a 2/28 ARM could be the best loan for you.
  June 13, 2007
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• Low Income Homeowners Get a Tax Break on Their Mortgage
  Thinking about refinancing your mortgage? Well now there's a compelling new reason: money back in your pocket when you file your taxes in 2008.
  May 30, 2007
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• Adjustable Rate Mortgage? Refinance Before It's Too Late
  Do you have an ARM? Not refinancing at the right time can lead to bad credit or worse. Find out what you should know about refinancing.
  May 16, 2007
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• Is Now the Right Time to Refinance?
  Interested in refinancing your mortgage? Before you make a move find out what's going on in your local real estate market.
  May 14, 2007
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• Want to Refinance? Understand the Terms
  Interested in refinancing your mortgage but confused by all the lingo? Take a few minutes to clear the confusion and boost your mortgage vocabulary.
  May 11, 2007
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• Avoid Foreclosure with a Credit Comeback Loan
  If you have bad credit or are in danger of a home foreclosure, you may want to check out a credit comeback loan. It might be the best way to avoid a mortgage foreclosure while allowing you to maintain a good home interest rate.
  May 7, 2007
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• Bad Credit Mortgage Refinance: Take it Step by Step
  The process doesn't have to be difficult. Here are four easy steps to refinancing your bad credit home loan.
  April 9, 2007
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• How Bad Credit Can Affect Your Mortgage Refinance
  Bad credit doesn't mean you won't qualify for a mortgage refinance, but it does mean you'll pay more. Before you apply, understand your credit situation and be prepared.
  April 4, 2007
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• Refinance out of a Bad Home Mortgage to Prevent Foreclosure
  The news is filled with stories of rising home foreclosures. Is your current home at potential risk for a mortgage foreclosure?
  April 2, 2007
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• How Do You Know if You Should Refinance?
  What are the warning signs that a mortgage refinance is necessary? Find out whether now is the time to refinance your mortgage.
  March 28, 2007
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• Bad Credit? How to Shop for the Best Mortgage
  Refinancing your mortgage doesn't have to be difficult. Knowing the right questions to ask can help you get a good deal, even if you have bad credit.
  March 23, 2007
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• Bad Credit Mortgage Refinance: Clearing the Air about Closing Costs
  Don't think that just because you have bad credit you don't have the right to negotiate. Find out more about closing costs and save money where you can.
  March 21, 2007
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• A Bad Credit Home Loan Refinance May Not Be the Best Option
  Does debt have you thinking about refinancing your home? Before you tap into your equity explore the alternatives.
  March 9, 2007
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• Bad Credit Refinance: Disputing Errors on Your Credit Report
  Disputing inaccuracies on your credit report is your responsibility. Find out what you can do to get things cleared up.
  March 7, 2007
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• Bad Credit Refinance: The Only Color that Should Matter is Green
  Sub-prime lending practices can take advantage of minority borrowers seeking a bad credit refinance.
  March 2, 2007
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• Your Borrower's Rights in a Bad Credit Refinance
  Don't get pushed around. Know your rights in a bad credit mortgage refinance loan application and protect yourself from lenders who might take advantage of you.
  February 16, 2007
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• Is Consumer Credit Counseling a Wise Choice Before You Refinance?
  Find out how working with a credit counseling service can affect your mortgage refinance.
  February 12, 2007
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• 5 Mistakes to Avoid if You Have Bad Credit and Want a Mortgage Refinance
  Find out what mistakes to avoid so that you can make sure to qualify for a bad credit mortgage refinance.
  February 9, 2007
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• If You Have Bad Credit, Why Would You Want a Mortgage Refinance?
  Make an informed decision before opting for a bad credit home loan refinance and take the time to weigh the pros and cons.
  January 10, 2007
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• Knee-Deep in Debt and Bad Credit Doesn't Mean You Can't Refinance
  You can't wish away your bad credit, but there are steps you can take to improve your situation and qualify for a mortgage refinance.
  January 8, 2007
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• How Does Your Credit Card Debt Affect a Bad Credit Mortgage Refinance?
  If you have bad credit, learn what impact your credit card debt has on your credit score and how that affects your qualification for a mortgage refinance.
  January 5, 2007
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• Protect Yourself Against Identity Theft to Avoid A Bad Credit Home Loan
  The key to avoiding a bad credit home loan is by keeping your credit clean. What can you do to protect and build your credit and ensure the best possible mortgage loan?
  December 27, 2006
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• Don't Let Your Lender Sell You a Bad Credit Mortgage
  Not all mortgage loans are created equal. What you need to know to prevent getting a bad credit mortgage.
  December 22, 2006
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• The Seven Habits of Highly Successful Bad Credit Refinancing Candidates
  Homeowners with bad credit don't have to miss out on today's refinancing deals. With the right preparation, anyone can find a refinance that suits their needs. Interest rates won't stay low forever, though, so it makes sense to act soon and follow through while the home mortgage refinance market is still hot.
  December 20, 2006
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• Escape Bad Credit with a Home Mortgage Refinance
  With interest rates still relatively low, bad credit mortgage refinancing offers homeowners with bad credit a way out of debt. Trade in your original loan for a better rate, and raise cash to pay off high-interest accounts. Borrowing more to lower debt may seem like a paradox, but for most homeowners, it works.
  December 18, 2006
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• California Refinancing for People with Bad Credit
  Like many California homeowners, you've got plenty of home equity, but you have bad credit. Refinancing can help get you back on your feet while improving your cash flow.
  December 8, 2006
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• Poor Credit Refinance and PMIs
  Okay, you have bad credit. Assuming a bad credit mortgage refinance package can consolidate your debts and help you up the scale to a good rating.
  November 13, 2006
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• Beware of Bad Credit Refinancing Scams
  If someone guarantees you a bad credit mortgage refinancing package in return for an application fee, be afraid. Be very afraid.
  November 13, 2006
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• Bad Credit Comeback Loans
  Are you waiting until your credit improves to buy a new home or refinance your existing one? Well, wait no longer, a credit comeback mortgage is just what you need to move forward with your dreams.
  November 13, 2006
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