09/14/2026
MORTGAGE MYTH VS FACT — BAD CREDIT
MYTH: “My credit is damaged, so refinancing is impossible.”
FACT: Credit matters — but it is only one part of the file.
Depending on the situation, lenders may also consider your:
• home equity
• income
• payment history
• overall debt
• reason for the credit issues
• plan going forward
Poor credit can reduce your options and increase borrowing costs, but it doesn’t automatically mean there are no options.
DM me “EXIT” if you want to understand what may be available in your situation.
Akash Gaur | Mortgage Broker
Northwood Mortgage Ltd. | Lic. 10349