you've found that refinancing might be a good option for you, and you've started shopping for lenders. But what kind of loan should you look for? If you have bad credit, your needs are different from other people and you will be choosing different loans.
Borrowers with poor credit have different objectives than borrowers with good credit. A borrower with good credit and a stable situation usually wants to lock in a low rate and keep the loan for some time. But a bad credit mortgage doesn't have the best rate, so you're not going to want to be stuck with it forever.
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