Bad credit mortgage refinance lenders offering low rates and fees are easier to find that most people think
Costa Mesa, CA (PRWEB) May 9, 2006
"Bad credit mortgage refinance lenders offering low rates and fees are easier to find that most people think," stated Keith Murphy, president of Statewide Funding, Inc. "Unfortunately most homeowners contact banks first, get turned down repeatedly, and finally give-up even trying."
In order to save time and frustration, Murphy, a specialist in bad credit mortgage refinancing since 1989, advises homeowners to pre-qualify lenders prior to filling out an application.
To pre-qualify a lender as being one that can refinance your loan, Murphy suggests asking the following three questions when first talking with the lender.
When you're underwriting my loan, do you take into consideration my credit score? Would you require me to pay past collections or charge offs? Would you reject my loan if I filed for bankruptcy a year ago, yet made all my trustee payments on time for the last 12 months?
"If the lender answers yes to any of these three questions, you're knocking on the wrong door," concludes Murphy. "However there are lenders, such as Statewide Funding, who can approve your loan. And knowing how to pre-qualify a lender will save you a great deal of time and effort."
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.
Statewide Funding, Inc. is a nationwide Equal Housing Opportunity lender. Certain restrictions apply to loans and loans are subject to credit approval and verification of equity.