how do you refinance a home with bad credit

A few bumps on your credit does not automatically disqualify from purchasing or refinancing. Are you looking for a cash out or rate or term product?

Depends on what you consider bad credit and what your credit scores are. There are options, but you need to talk to a mortgage professional. I would recommend that you talk to a local mortgage broker in your market. you can find them at www.namb.org and click on Find a Mortgage Professional Click on ID in drop down.

We hold lenders in our portfolio that do not have a minimum credit score or credit history requirement. Generally, the loan-to-value will dictate whether or not you can refinance or not.

It all depend on what you consider to be bad credit. Need more information.

Everyone's definition of "bad credit" is different.. for this reason, credit reporting companies use a scoring model to determine how good or bad one's credit is.. so without knowing what your 3 credit scores are, it's hard for anyone here to advise you properly.. but if you want to know where to start, then the best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

The first step is to do a loan application with a local loan officer and have them review your credit with you. You may still have some great options available to you as is, or if not, a good loan officer will be able to let you know what you need to do in order to qualify in the near future. However, the first step is reaching out and getting started. Best wishes, Sean