If you are a homeowner with equity in your home, first, pat yourself on the back for making a good investment. However, if you have extensive credit card debt and are looking for a home refinance to give your debt relief, you may have some trouble qualifying for a new mortgage.
Credit standards among lenders remain tight this year and plenty of applicants are looking into refinancing before mortgage refinance rates rise. The good news is that homeowners with stable income and enough equity may be able to qualify for bad credit mortgage refinancing. Complete the form on this page to reach bad credit mortgage lenders to see if you can qualify.
Homeowners with credit card debt should at least apply for bad credit mortgage refinancing, because they may be able to reduce their monthly mortgage payments and apply that extra money to their credit card debt. Alternatively, homeowners with plenty of equity can apply for a "cash-out" refinance that would allow them to use their equity for debt relief and pay off all or most of their bills.
Home Refinance Tips
Sometimes, a bad credit refinance is possible when the homeowners have enough equity and income to offset their credit card debt. Find out where you stand by entering your information on this page.