5 Tips for Refinancing a Mortgage With Bad Credit

been gainfully employed for a long period, stress the length of time you’ve been on your job. If you have a raise coming up later this year, or early in 2014, get a letter from your boss to this effect, if possible. That will further show job stability to a lender.

Finally, provide bank records that demonstrate proof of savings. Having cash reserves in the bank can also make your overall loan application more attractive to a lender.

In the end, if you package your application properly, and position yourself in the best possible light, you’ll discover that you can get a refinance done – even if you have bad credit or average credit.

Lynnette Khalfani-Cox is a personal finance expert and co-founder of the free financial advice site, AskTheMoneyCoach.com. Follow Lynnette on Twitter @themoneycoach.