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The Fed cut rates, so there's a lot to talk about in our review of The Latest Move by the Federal Reserve and what it means for mortgages and more.

The Fed cut rates, so there's a lot to talk about in our review of The Latest Move by the Federal Reserve and what it means for mortgages and more.

Can I refinance my home if my credit is bad?

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A: That depends on how bad your credit is and other factors. The FHA will allow you to refinance with a credit score as low as 580, and an equity position as small as 3.5 percent of the value of the home. So is it possible? Yes. Will it be difficult if your credit is poor? Yes.

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Keith Gumbinger
Keith Gumbinger
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Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
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