Low Credit Score

It is going to depend on your actual credit score and the reasons why your credit score is so low. You can email me your phone number and I will be happy to discuss it with you. mtowler@firstmortgagesolutions.com

I would be very happy to help you. Open Mortgage works with potential borrowers who have great credit and also a few little bumps in their credit. Open Mortgage has competitive residential mortgage programs available for even a mid FICO score of 600. You can directly apply at my website http://saradeere.openmtg.com and even pull your credit. I can also be reached at 816-268-5931 or 816-914-9685 to help you through the process from start to finish and beyond.

Based on your situation, you may be able to find a lender that will accept your lower credit score due to extenuating circumstances. Contact several local lenders to go over your situation in detail and to get a better idea if you will be able to qualify for a refinance.

If you are over 62, a reverse mortgage, which has no credit score requirements, is your answer.

Many factors go into a mortgage approval.. credit score being one of them.. but you didn't tell us what your score was, so it's anyone's guess.. typically, if you're over 640, you would have endless possibilities, assuming you meet all other qualifications.. But if you have any collections, judgments, BK, unpaid tax liens, etc.. you could have a 750 credit score and not qualify.. so without looking at your complete scenario, it 's difficult for anyone here to properly advise you.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

It will always depend on what your actual FICO score is. Although, it may depend on your equity and type of loan program. If you are interested in a Reverse Mortgage, it is based on your equity and age. Call me if you wish to go over more details and options. 619-669-5518

Other than a reverse mortgage (suggested previously by Dave) all mortgages have a credit score and other requirements. There may be ways to obtain a loan from an alternative lender to address the issues preventing you from refinancing, and then a new conventional mortgage could pay that off. Be careful what you agree to, get legal advice if you have any questions whatsoever. Good luck!

The advise you have received is all correct, and if you wish to discuss this further, please let me know as I can either talk to you about a new mortgage (if it is the best option) or, as mentioned, I have a person on my team who is an expert on Reverse Mortgages. Please give me a call at 314-744-7806, or call 800-803-9910, ext 3806, or visit my website and my team at www.CallTheMoneyMan.com