A: It is possible to refinance your mortgage even if you have bad credit, but you may have to pay a higher interest rate. Lenders will consider your credit score, debt–to–income ratio, and other factors when evaluating your application.
Q: What are the benefits of refinancing to a shorter loan term?
A: Refinancing to a shorter loan term can help you pay off your mortgage faster and save money on interest over time. However, your monthly payments will be higher than they would be with a longer loan term.
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