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Show your best assets. If your credit history is shady, show your lender that you are, in fact, improving. Show how you're working hard to pay off your debt. Highlight that you have a long-standing, steady and secure job. Provide any bank statements that show a full savings account, and highlight that you haven't made any risky purchases-new car? That's a red flag right there.
"While securing a refinance is more difficult with bad credit, it isn't impossible. Be sure to put your best financial foot forward and you can most likely still find a lender," says Litzner.
For more refinance information, please contact Century 21 American Homes at 1-800-270-6318.
Century 21 American Homes is one of the fastest growing real estate brokerages serving Long Island, Queens and Brooklyn. To find out more about an exciting career in real estate contact us at careers@c21amhomes.com.
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