Adverse Credit Remortgages – Refinance Your Home With Bad Credit

Many homeowners are considering remortgage options in order to take advantage of the low interest rates that are available. In addition to securing a lower interest rate it is possible to consolidate most of your debt into a home loan remortgage. Even homeowners with poor credit can take advantage of Adverse Credit Remortgages. The main difference between Adverse Credit Remortgages and a regular remortgage is the interest rate. Most adverse credit borrowers will end up paying 2-6% higher interest rates than a borrower with good credit, depending on their credit score. Even though a poor credit remortgage will have a higher interest rate they are still a good option for most people that are trying to rebuild their credit. For example, a homeowner that purchased a home several years ago after filing bankruptcy could be paying an interest rate around 14%. If this homeowner were to refinance their loan, it is possible to secure an interest rate in the neighborhood of 10%.