Does anyone know how a homeowner can get refinanced on a tiny house to build on when they have bad credit?

Dario
The Mortgage is in ALABAMA STATE and Has Never Been Late. One Bedroom House appraises for $26000.00Mortgage Owed is 17000.00 and Room addition would Cost 4500.00

Vernita
Bad credit is one of the worst problems to have... however there exists a solution.I will hereby talk from my personal experience.I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details, if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first, a good place to start in my humble opinion is astraight to the point ebook with question and answer I found : http://umgarticles.atspace.com/debt-cons…if it helps kindly remember me in your voting!.. cheers!

Bradford
Sounds like a tough deal because the small square footage. I don't know too much about the median property size in Alabama, but if it's fairly typical for the region, I'm sure you can get a home equity loan for $5, 000 to pay for your addition.Make sure it's the right time to get financing. If your credit is poor, why not hold off a few months, and work on rebuilding your credit so you'll get easier and better financing terms in the future.Learn more about credit, mortgage, and finance: http://www.thetruthaboutmortgage.com

Amee
You can get a home equity loan, but sometimes banks are leery on doing that with 1bdrm homes because the re-sale value isn't very good.