All over the Internet and television lenders are advising people to refinance their homes. There are even lenders that are offering to refinance your mortgage with bad credit. These lenders, however, don’t explain the perils of mortgage refinance with bad credit. They don’t mention the insane interest rates, high fees and poor terms.
When the rates [...]
Lenders today look at one number above all else when deciding what interest rates and points to charge you when you’re looking for a mortgage loan: your credit score. If you want to lose money, try financing your mortgage with bad credit.
Your credit score is compiled by the nation’s three credit bureaus, Experian, TransUnion [...]