Low Credit Refinance

Less than perfect credit? No problem! We can get you approved with a credit score as low as 500.

We will talk you though the ins and outs of a Reverse Mortgage with no pressure.  After talking with us, you’ll understand why we’re the Experts.

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Low Credit Refi Ryan Kelley

Low Credit Refinance


What is it?

With our new Low Credit Refinance program, we can get you approved with a credit score as low as 500. It happens. You purchase your home, fall behind on bills, and your credit takes a hit. That’s okay! We’re here to get you the financing you need even with a less than perfect score.


Home Improvements

Looking for that new addition or maybe a kitchen remodel? With a cash out refinance or HELOC (Home Equity Line of Credit), we can get you the cash needed for the project rather than trying to finance things separately.   .


Debt Consolidation

With our new program, we can get you approved with a credit score as low as 500. Maybe you got behind on some of your credit card payments. Let us help by using your home’s equity to get you the cash you need.


The refinance process is pretty simple. Essentially, refinancing means taking one mortgage and swapping it out for another that better fits your needs. There are several common reasons to refinance a mortgage, such as to tap into your home’s equity, get a lower payment, or change your mortgage term. Let The Home Loan Expert team show you how refinancing a mortgage could put you in a better position financially as a homeowner.

Refinance Options to Consider

Cash-Out Refinance:

A cash-out refinance allows you to take cash out based on the equity built into the home. With a cash-out refinance, you take out a loan larger than the amount you still owe, or you refinance for a higher loan amount. Then, you receive a portion of your home’s gained value in cash, tax-free. This is a popular choice for homeowners looking to pay off other high-interest debts. Some choose to use that cash towards funding home improvements, weddings, college tuition, or whatever purchase requires a considerable chunk of change. A cash-out refinance typically comes with a lower interest rate than consumer debts, which makes it a great option for debt consolidation, especially since the tax on mortgage interest is tax-deductible, while interest on other debts usually is not.

Changed Mortgage Term:

Refinancing from a 15-year mortgage term to a 30-year mortgage term stretches out payments, making each monthly payment smaller. However, paying a loan over a longer period of time also means paying more in interest over the life of the loan. Conversely, a cash-in refinance has the opposite effect, so monthly payments will increase to allow homeowners to more aggressively pay off their loans. This option is appealing if you want to pay off your loan earlier and save in the long run on interest rates. Other shorter-term mortgages also tend to offer lower interest rates, allowing for a larger amount of principal to be repaid with each mortgage payment.


home equity line of credit (HELOC) is a type of second mortgage that would allow you to borrow money against the equity you’ve already built into your current home. Similar to credit cards, you’re able to access these funds and then pay them off later. These untapped funds don’t require any additional interest charges.

However, HELOC is basically a second mortgage. This means you’re paying for an additional monthly mortgage because it is considered an additional loan to your property. 

Another thing to consider is that with a HELOC is that there are different periods for borrowing and repayment. You can only use the line of credit during your draw period. 

Once this period ends, you’ll lose your ability to access the HELOC funds and will have to start making full monthly payments that would cover the principal balance with interest. This is the repayment period.

One of the fastest growing lending platforms in the nation

Operating locally in 12 states and counting

What is your goal?

If you’re considering refinancing, you should start by asking yourself, “What is my goal?”

  • Are you looking to lower your rate?
  • Would you like to shorten your loan term?
  • Are you looking for a lower payment?
  • Are you looking to consolidate debt?
  • Are you looking to pull cash out from your home?
  • Do you have a second mortgage that you would like to combine with your first mortgage?
  • Are you looking to get out of an adjustable rate and into a fixed rate loan?
  • Do you need to remove someone from your current loan

Get Minute Loan Approval*

We offer same-day pre-approvals you can rely on. Find out your personalized rate in no time with our 5-minute loan application.

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