By learning about how the lending market works, homeowners can save themselves a lot of time and money.
Costa Mesa, CA (PRWEB) April 12, 2006
"Homeowners who want to refinance yet have FICO scores less than 640, don't have to face rejection after rejection from lenders," stated Keith Murphy, president of Costa Mesa, CA-based Statewide Funding, Inc. "By learning about how the lending market works, homeowners can save themselves a lot of time and money."
To help owners successfully refinance their homes, Murphy, a specialist in bad credit mortgage refinance lending since 1989, offered the following insider tips.
Most banks won't even talk to homeowners with FICO scores under 640; lenders who specialize in approving loans for clients with FICO scores in the 500 to 550 range, typically only look at the existing loan to value (LTV) of a home before deciding whether or not to make a loan and in general, homeowners with FICO scores of 600 can refinance up to 95% of their homes' LTV.
To discover more refinancing tips or to get three personalized Refinance Options for free, visit Statewide Funding, Inc. at http://www.bad-credit-mortgage-refinance.tv/ or call toll free, 800-839-2954.
An Equal Housing Opportunity lender, Statewide Funding, Inc. is licensed by the California Department of Real Estate, license number 01331483. Certain restrictions apply to loans and loans are subject to credit approval and verification of equity.