Protecting Yourself
Some mortgage lenders claim to specialize in bad credit mortgage refinance loans. Most do so legitimately, but a few companies out there use bad credit situations as a way of taking advantage borrowers. In the mortgage industry, these are referred to as predatory lenders. But you can protect yourself from such unethical lenders by continuing your mortgage refinance education, asking the right questions, doing the math up front, and getting everything in writing!
I hope you have enjoyed this brief tutorial on mortgage refinancing with bad credit, and I wish you the best with your financial future.
* You may republish this article online if you retain the author's byline and the active hyperlinks below. Copyright 2007, Brandon Cornett.
About the Author
Brandon Cornett is the editor of Mortgage Refinance Advice, a collection of tips, articles and resources related to home refinancing and similar topics. Get more refi advice by visiting http://www.mortgage-refinance-advice.com
