I Pay My Mortgage On Time but I Have Bad Credit. Can I Refinance?
Q: Our credit has been bad for the past 6 years. We have 6 years left on our mortgage and have never been late. Can we refinance our mortgage? A: Thanks for reaching out to me on AskTheMoneyCoach.com. You didn’t specify what your credit score is, but since you said you have “bad” credit, I […]
How to Refinance a Home Loan With Bad Credit
Q: Can I refinance my home with bad credit? I have some blemishes on my credit report. A: To refinance your home with bad credit, you’ll have to jump through more hoops to get a mortgage and you won’t get a rock-bottom interest rate, but it can be done. If your credit is poor, here are 2 […]
Can I Refinance My Mortgage if I Have Bad Credit?
If you’re hoping to refinance your mortgage, but are worried about having bad credit, there’s good news and bad news. The good news is that you can get a new home loan, and bad credit alone won’t stop you from refinancing your existing house note. The bad news is that a poor credit rating will […]
3 Signs You’re a Financial Train Wreck Waiting to Happen
3 Signs You’re a Financial Train Wreck Waiting to Happen: As a Money Coach, I frequently hear from people who feel like they’re just one misstep away from financial ruin. Some are right—they’re drowning in debt or have little to no savings. Others are simply overwhelmed, unsure how to get back on track. How can […]
Should You Get A Mortgage Loan In Your Name Alone If Your Spouse Has Bad Credit?
Q: We own an old house that needs 100k worth of work. Should we get a construction loan or a mortgage loan? My husband has a paid IRS lien on his credit report. I have great credit. Should I get a loan in my name only? Should I title the house in my name only? […]
How Many People in America Have Bad Credit?
Out of the roughly 220 million Americans that have credit files maintained by the “Big Three” credit bureaus (Equifax, Experian, and TransUnion), about 1 out of 5 individuals have very poor credit, bad credit, or “deep subprime scores,” according to Experian. Research from the credit bureau found that between the third quarter of 2006 and […]