What is the best way to refinance your home with a lower interest rate if your

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natasha

Member
credit isn't the best? I was wondering what is the best way (who to go to) to try and refinance your home with a lower interest rate. I have no clue where to go! The credit score is pretty low, but still need to lower monthly payments.

Serious answers only please and thank you!
It's not ME that didn't pay my debts...I got stuck with stuff from my ex husband...that's why my credit isn't what it used to be...thanks!
 
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somebodyelse

New member
call the bank that has the loan and talk to them about lowering your payments and possibly a refi. I recently tried and though I have raised my credit score significantly (even since I got my house) they said no because I had late payments from over 5 years ago... mind you nothing late in the past 5 years and bee in my house 2. They said no.

I don't know what your rate is, but I would go talk to some local banks in person and be up front. "My credit score is XXX and my current interest rate is X.X%. Do you think your bank can help me get a lower rate?' Also can look at places like Lending Tree, though I found most of those guys toss on a lot of extra fees and stuff. But I've known people with double digit home rates and if you are one, it may be worth it to deal with those sharks for a lower FIXED rate. Don't go variable or ARM, just don't!
 
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