Posted on: 21st Jun, 2010 04:21 am
hello - we would like to change the term on our mortgage from 14 years to 30 years... we cannot refinance to a lower rate due to bad credit. however, we do own more than 50% of our residence outright (alot of equity). is there anyway we can do this w/bad credit and keep the current rate and lender we have, but just change the term?
How bad is your credit? Have you have your credit score looked at?
If it is at least 620 you may have some options.
If it is at least 620 you may have some options.