Can you refinance a house with bad credit?

My mom wants too, but she has bad credit. She's cleaning it up at the moment, but it's a bit expensive so it may take a few months. But, is there any way to possibly do that and would there be any high interst rates because of her credit? (Don't ask how it got bad because I honestly don't know. And she doesn't know her credit score, just that it isn't very good)Can you refinance a house with bad credit?
She should attempt to improve her credit score first. Sounds like she has some ideas running around in her head, but no real plan or info. She MUST get a copy of her credit report and start working on it. I recommend that she go to a service like CCCS if she cannot afford a credit counselor. There are lots of things to do to fix your credit, first she needs to know if there is anything on there that does not belong to her. Sometimes other socials appear on credit reports and bring the score down, you can have these removed. Many people that hold debts will allow settlement for pennies on the dollar if the charge is old and they just want to make money back. After 7 years of something being on your report, you may have it removed, but REMEMBER that the ONLY THING that needs to be done to keep that debt ';fresh'; is for you to inquire about it, or for the company you owe money to to re-report it- THIS is something you'll need the help of a credit counselor for... they know how to read this off a credit report, and she probably doesn't. The final option is to start paying things back (if they are new debts, not close to that 7 year mark). You should ALWAYS be paying off whatever has the HIGHEST INTEREST RATE FIRST.



AFTER all this, IF she can re-fi for a decent rate, be sure NOT to get an adjustable rate mortgage!!Can you refinance a house with bad credit?
There would be no reason to refi with bad credit.



It costs money to do it, and she will end up having to pay high interest, and most likely adjustable interest.



I do not know what she has now, but it will not improve until her credit rating improves.




. If she has bad credit, she doesn't pay her bills on time. She can get a loan today. The interest will be 9.9% for 30 years. Sounds terrible but she can refinance in 12 months after 12 ontime payments.