Comments on: Mortgage lenders for Bad Credit and Refinancing

By: Miriam Berman

Miriam Berman — Fri, 05 Feb 2016 17:52:49 +0000

Hi Kim

OK – I’m so sorry you are having such a bad experience with the broker. That’s unfair. It is hard to comment as I don’t know the restrictions of your loan. Are you able to get out of it without penalty? Is it a fixed rate?

By: Miriam Berman

Miriam Berman — Fri, 05 Feb 2016 17:49:20 +0000

Hi Kim

Thanks for your message & I’m sorry you’re in this situation. Have you gone back to the lender you got the loan with? Another option is to go to a mortgage broker to renegotiate the mortgage if that’s possible. You will want to get a lower interest rate as the market is very strong at the moment – especially if your credit is good. There should be a lot of options for you & hopefully you can pay off the debt quickly to restore your credit situation to where it was before.

Good luck, Miriam

By: Miriam Berman

Miriam Berman — Fri, 05 Feb 2016 17:46:16 +0000

Have you considered debt consolidation? Debt consolidation could help you lower your payments and simplify the process.

I hope that helps, Miriam

By: Miriam Berman

Miriam Berman — Fri, 05 Feb 2016 17:43:15 +0000

Do you need a mortgage – i.e. how much money do you have saved? If you do need a mortgage, you’ll have to qualify. I would suggest seeing a mortgage broker as they may be able to provide you with some more options than a typical bank. Check out our mortgage broker area of the site to get more information on some brokers in the area.

Thanks Miriam

By: Miriam Berman

Miriam Berman — Fri, 05 Feb 2016 17:39:47 +0000

Hi Phil

Apologies for the delay – we had some issues with our comment feature on our site. A score of 600 should be something a mortgage broker can work with. Check out our mortgage broker section and get in touch with one of the brokers we have listed there.

Good luck, Miriam

By: Miriam Berman

Miriam Berman — Fri, 05 Feb 2016 17:27:25 +0000

Hi Janet

Apologies for the delay – we had some issues with our comment feature on our site. Credit ratings are assessed every 6 months and it does take time. Just keep on track with paying off your debts and savings.

I hope so, Miriam

By: Kim

Kim — Mon, 11 Jan 2016 15:28:24 +0000

And we are using a mortgage broker who is failing us big time. They got us this mortgage told us to use all our credit up and get done fast..now everything is maxed out and they want major payments.

By: Kim

Kim — Mon, 11 Jan 2016 15:17:57 +0000

Hi, my husband and I are trying to roll over a renovation mortgage that is killing us with interest. We had a great credit until we started this project now it is catching us in the butt. Is there a way to flip it into a new mortgage, with a higher interest of a normal mortgage but still affordable? We are going to loose everything we worked so hard at, at this rate.
Any advice is appreciated.

By: susan

susan — Wed, 06 Jan 2016 16:31:20 +0000

My husband and I have 2 car loans wondering if there is a loan or a mortage company that we can combine those loans into the mortgage. So we are not making so many different payments. Or even a personal loan that would pay off both vehicles would make it easier

By: Amanda Bonnett

Amanda Bonnett — Wed, 06 Jan 2016 04:04:56 +0000

My fiance and I are looking to purchase out first home. He is now laid off for the winter and I just graduated. We have 5 kids between the 2 of us. We both have bad credit though so are not able to be approved for a mortgage but we have the money for a down payment due to inheritance. What can we do?