Hello i want to know if i have a credit score 650 i can get the refinance my house?

Gaynelle
Your credit rating is probably high enough, but the real question is your debt-to-income ratio. How much you make compared to how much you spend on major bills (usually car note and mortgages). The lower that ratio the more likely you are to benefit from refinancing. For most financing companies it's all about your ability to repay. If you're spending more than half of you income on just the mortgage and car note, you're likely to end up with an interest rate that may not be much better than the one you have now. Also early payoffs can eat up huge chunks of the equity you're trying to cash out of your current loan. Talk with your current lender and see what options they think are best for you.

Davis
Yes; I suggest Hometown Banc Corp. They may be your best opportunity for someone to say yes. If your credit does not measure up, they don’t simply “forget to call you back.” They help you get into a credit repair program you can afford regardless of income. Check out the free evaluation form at the source website and a Hometown loan officer will contact you .

Daphne
Yes, typically you want above 620 for a decent loan. Just because you have good credit though doesn't mean you can refinance. It also depends on your income and debt.

Nisha
Credit rating is just 1 part in loan approval. 650 in itself is certainly high enough to get approved. But they will look at your income, equity, other debt ect ect ..and then base their decsion off of that. Not just credit score.