Seek the assistance of a mortgage broker. While many do not provide bad-credit financing, many do have an affiliate who will. Ask them for a reference.

Secondly, have a mortgage broker determine if your credit is really too damaged for any of their programs.

Word of Advice: Many will prefer to re-write the entire loan. Second-mortgage lenders have reduced security by nature of being in the second position. A total refinance may be the route you have to take. Considering the cost of a first and second, it may be the better method.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Mortgages Tip Site? Request a Tip Now!

Guru Spotlight

Lynne Christen

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!