|
If you
are considering mortgage refinance, to reduce your interest and
monthly payments, eliminate PMI, get cash out, or switch to or
from a
adjustable rate mortgage. There
are sub prime lenders who specialize in working with individuals
with less than perfect credit who will work to get you the best
possible refinance rate.
Mortgage Refinance Calculator
 It
is common to refinance to pay off high balances on several high
interest rate credit cards, car loans or other high interest
debt installment debt. A bad credit
refinance loan with an interest rate of 12% is still better than
paying 21% on multiple credit cards. Since the loan for a bad
credit refinance is spread out over 30 years, the monthly
payment for the loan (even at the higher interest rate) would
still be lower than the total of all of the individual monthly
debt payments.
|
