Refi sub prime lenders can help you refinance after a bankruptcy by underwriting your less than perfect score. Even with adverse credit history, you can expect rates to only be a couple of points higher than conventional loans. Sub prime financing has grown exponentially, so searching online will help you find the most competitive lender.

Who Offers Refinancing After Bankruptcy

Lending practices have changed in the last 15 years. Once it was almost impossible to get sub prime lending without paying outrageous fees and rates. Now, however, as more financing companies are entering the market, loan costs are becoming more reasonable.

Even traditional banks and credit unions are offering sub prime loans. Some lenders will only handle loans with moderate risk, such as a bankruptcy discharged two or more years ago. It is best to request loan estimates while accurately reporting your credit history to get a realistic answer from the financing company.

Where To Search For Sub Prime Lenders

Sub prime lenders come in a variety of shapes and sizes, but almost all can be found online. Besides getting basic information, you can also request estimates on refinancing your loans. So you can quickly find out how much you can save whether you are cashing out equity or consolidating bills.

Besides going to individual sites, you can also work with a broker site. As a third party, they often work out special deals with financing companies. In some cases you can find better deals with a broker than on your own. But don