My credit score is 608. I want to refi to consolidate 4 mortgages. My home is in DC. Comparable houses go for 500k. Principal 325k

It's possible, but with a 608 credit score, you will not get very good loan pricing / interest rates.. if the rates on the existing 4 loans are low now, it might be prudent to leave those loans in place rather than refinancing.. My suggestion would be to get with a local mortgage broker and let him look at your credit.. it's very possible he can analyze your report and guide you to the necessary steps to rapidly improve your score.. this can be done in a matter of a few weeks.. once you improve your score, then apply.. 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

You will want to review your credit report to see how you can improve your scores...one of the quickest ways is to lower any revolving debt to less than 30% or pay them off (do not close) and your scores will go up immediately. Then of course maintain the low balance or zero if you can. Terms will be much better. Conventional will require a min fico score of 620....I would speak to your local mortgage banker who can advise on how best to proceed.

It is possible for a rate and term, but the loan terms would not be very favorable. Your current situation may end up being better than what you would get. You should have someone look over your credit to see what can be done to help improve your credit score. Taking the extra time to do that now can potentially save you thousands. Best wishes, Sean

Depending on your combined interest rate, an FHA loan could still be a good option.