Does having bad credit mean that you can’t get a loan? Of course not! Does it mean that you might have to put a little more effort into obtaining a loan? Maybe. Either way - you need to start somewhere and this may help your decision…
The mortgage industry is going through a rough time with sub-prime mortgages being constricted. Rates have not gone up, but they could at any time. Is this the right time to refinance your adjustable rate mortgage?