≡ Menu

Got a Home Loan in Virginia?
Get Low Refinance Rates From Just 2.12%.

Mortgage Refinancing When Your Spouse Has Bad Credit

Are you wishing you could take advantage of today’s low refinance mortgage rates but think your spouse’s credit may be holding you back? It’s true that lenders typically look at the lower of the two credit scores when deciding what interest rate to charge you; however, there could be ways around this to help you get the best deal when mortgage refinancing. Here are several tips from MortgageLoan.com to help you save with today’s low refinance mortgage rates without overpaying.

Bad credit can be a real problem when there are joint mortgage applicants. Typically, the lender looks at the lowest of the two credit scores when deciding what interest rate to charge, so if your spouse has bad credit, you could really get socked in that department.

Read More:


If you’re not happy with the mortgage refinancing quotes you get or have been turned down by one lender don’t be afraid to try another. Different lenders have different underwriting requirements and it’s possible you could get approved or find a better deal from different lenders.

Also keep in mind that all the fees you pay at closing are negotiable and vary from one lender to the next. One of the most common mortgage mistakes people make is jumping on the lowest mortgage refinance rates from companies like Amerisave without paying attention to fees. The reason you need to focus on your closing costs is that you’ll have to recoup these out-of-pocket expenses before benefiting from your lower payment amount.

You can learn more about mortgage refinancing without paying unnecessary fees or markup by checking out my free Underground Mortgage Videos.

{ 0 comments… add one }

Leave a Comment