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refi with 5.8 credit score

This is a topic titled refi with 5.8 credit score made in the Mortgage Talk section, belongs to our Mortgage Chat category; Hi, I currently have a fixed rate 6.75 % home mortgage. According to my recent homeowners tax assessment I have aprox 54000 in equity. I would like to refinance and ...








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Old October 30th, 2008, 01:41 AM   #1
Mike
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Registered: Apr 2008
Posts: 1,497
Default refi with 5.8 credit score

Hi, I currently have a fixed rate 6.75 % home mortgage. According to my recent homeowners tax assessment I have aprox 54000 in equity. I would like to refinance and take aprox. 30,000 out to pay off other debts that are killing me monthly. The problem is that my credit score is only around 588. Does anyone know if it is even possible for me to do this? Any advise is appreciated. Jodi
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