People with bad credit often get into mortgage deals for bad credit or refinancing their homes thinking that these are the only ways to improve their financial situation. You will find companies that accept your application without paying any regard to your credit score. They will pass your loan application in little time.
But, the fees and interest associated with the loan could be well out of reach for you. Even if you want to close your loan, these companies will charge a sizeable amount from you as a fee. All these hassles can be avoided if you are willing to spend around 30 to 90 days repairing your credit, which will boost your credit score sufficiently so that you will not need to think about mortgage for bad credit or home refinancing.