3 Year Arm is Up, Need Mortgage Refinance with Poor Credit?
by Mortgage Rates on Friday, September 24th, 2010 | 3 Comments
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Which companies did they check with? Were they big name banks? This might be a situation where a mortgage broker may come into play. Is there any equity in the house? I’d be happy to look at the situation for you if you’d like. I would just need to know a little more information such as what state you’re in, what’s wrong with their credit, what’s their credit score, how much do they owe and the value of the home. If that doesn’t work I know Countrywide has several programs to help out. My daughter works in their servicing dept. If you want you can email me the information and I’ll see what I can do to help your parents.
Good luck.
try Mycommunity or FHA….you maybe able to do the financing if there’s not credit lates in the4 last 12months.
a problem that you may have is that it will be a refinance cash out……if you took out the 2nd loan after the first loan