hi saamuguru,
unfortunately there are no mortgage companies that will help you refinance with poor credit in this market. you need to have a minimum score of 620 in order to be able to qualify for a new loan. however, you can try to get a loan modification on the mortgage. this can reduce the amount of your monthly mortgage payment and help you be current on the loan. you need to talk with the loss mitigation department of your mortgage company and check out if you qualify for it.
unfortunately there are no mortgage companies that will help you refinance with poor credit in this market. you need to have a minimum score of 620 in order to be able to qualify for a new loan. however, you can try to get a loan modification on the mortgage. this can reduce the amount of your monthly mortgage payment and help you be current on the loan. you need to talk with the loss mitigation department of your mortgage company and check out if you qualify for it.
Well, considering the market these days, lenders ask for a minimum score of 620, for FHA loan...
In addition, it becomes much more difficult when you have mortgage lates.
