First Legal Group, P.A. may be able to assist with new financing with a respected bank or lender. This will depend upon your income, credit, value of your home, amount of your equity and your current financial position. Although it may be difficult to secure new financing with a default on your existing mortgage, it is not impossible. We work closely with many lenders that have the ability to help homeowners just like you. We also work with very reputable credit repair agencies that may be able to help fix your credit.

Do you believe you're unable to be refinanced because of your bad credit? Most people do not realize that even if their credit is bad they can still be refinanced. We look at other things such as equity, the reason your credit is bad, how your current financial situation has changed and your last 12 months of credit history look like. This criteria may outweigh your credit score. The overall credit score sometimes does not give a true picture of your financial stability and would need to be amended. We can also sometimes simply suggest ways to improve your credit by disputing inaccurate items on your report. We can help you get a loan when other Mortgage Companies have turned you down.

When is the time to refinance? You need seriously consider refinancing when you need to lower your payment, when you need some cash, when you are in Foreclosure and have no other options or if you have an Adjustable Rate Mortgage and it is nearing maturity. These scenarios are perfect examples of when and why you should consider refinancing.