| Getting a loan, be it a personal loan for $1000 or | | | | for a loan and are often hesitant or unwilling to |
| a mortgage refinance loan for $25,000, can be | | | | give you a loan. |
| painful, if you have bad credit. But it need not be. | | | | So - "can you get a refinance loan with a low |
| If you live in Austin, Dallas, Houston or San | | | | credit score below 600 in the great state of |
| Antonio and surrounding areas, chances are, | | | | Texas"? The answer is "yes". |
| you've seen an appreciation in your home's value. | | | | The key to finding a refinance lender, when you |
| If you are thinking about taking advantage of the | | | | have a poor credit score is to do your research. |
| equity in your home for a home improvement | | | | There are subprime mortgage lenders, who |
| project, credit card debt consolidation, education, | | | | specialize in working with people with low credit |
| real estate investment, etc - you can still get a | | | | scores and problem credit. |
| loan, even if, you have less-than-perfect credit. | | | | A subprime refinance mortgage loan will have a |
| Your FICO credit score (pioneered by the Fair | | | | higher interest rate than a traditional refinance |
| Isaac Corporation) is number between 300 and | | | | mortgage loan, for a person with a great credit |
| 850, with 300 being the lowest credit score you | | | | score. This is to be expected and should not |
| can have and 850 being the highest credit score | | | | deter you from getting a loan. |
| you can have. The national average credit score is | | | | Since subprime mortgage lenders frequently work |
| around 677. | | | | with all credit types, even a history of Chapter 7 |
| If you have a low credit score below 650, lenders | | | | or Chapter 13 bankruptcy will not be a |
| investigate your credit history, when you apply | | | | showstopper. |
