Yes, you CAN refinance. My husband bought a car on his HORRIBLE credit right from a dealership with a 21% rate. A month later I went to my credit union, put it all in my name with my good credit and got 6%. Just make sure that you check all of the fees.
Just remember that too much new credit and inquiries will lower your score and you will get a bad rate.
Also, take your time shopping for a home loan. Stay away from subprime loans and only get an ARM if you can afford the highest rate if it should happen or if you're not planning on staying in the property long.
Read the book "Home buying for dummies" it helped me out SO much! |