Sentences with phrase «equity challenged refinancing»

Not exact matches

Economic and personal financial challenges have placed many homeowner squarely between a rock and a hard place; mortgage refinancing is denied due to lack of home equity and or other issues including less than stellar credit or a past employment problem.

FHA loans for refinancing While FHA requirements such as a down payment of just 3.5 percent clearly benefit home buyers, these loans can be equally appealing to homeowners who face refinancing challenges because they have credit problems or minimal equity in their homes.

Poor credit: The borrower may have a heavy down payment or excellent equity built - up in their house, but if their credit score is under a certain threshold, obtaining a new loan or refinance from a traditional bank is challenging.