Even if, you have a history of bankruptcy - you can get a refinance loan. The last 2 decades have been great for consumers because a low credit score does eliminate your ability to get a loan. The most important aspect of getting a loan, is to find a lender, who specializes in subprime refinance loans.
Whether you live in Lexington, Louisville, Owensboro, or a small town in Kentucky - get a Cash out refinance loan, Home equity loan or HELOC (line of credit) - up to 125% LTV (Loan-to-value).
KY Bad Credit Refinance Loans With Low Credit Scores | |
| 125% Refinance Loans - Explained: A 125% Refinance Loan works as follows. You have a home that is worth $100,000. Your outstanding mortgage balance is $97,000. You can get a 125% Home Equity Loan to take $28,000 cash out of your home. (($100,000*125%)-$97,000)). | |
| The Bluegrass State has a homeownership rate of 71.6%, far exceeding the national homeownership rate of 64%. Most homes have appreciated 6.3% or more in value, depending on one's area of residence. | |
| Kentucky Home Prices |
| Area | Median Price |
|---|---|
| Lexington - Fayette, KY | $149,000 |
| Louisville, KY | $142,500 |
| * National Association of Realtors - 2006 3rd quarter. |
Kentucky bad credit mortage refinance Loans, Kentucky bad credit 125% HELOC loans, Kentucky bad credit 125% home equity loans and Kentucky bad credit cash out refinance loans offered in: Louisville/Jefferson County, KY Lexington-Fayette, KY Owensboro, KY Bowling Green, KY Covington, KY Richmond, KY Hopkinsville, KY Henderson, KY Frankfort, KY Florence, KY