If you are facing foreclosure in Dayton, Ohio, one solution may be to refinance your mortgage. There are agencies that offer foreclosure refinancing help in Dayton, Ohio. Because of the widespread occurrence of subprime mortgages whose “teaser” low rate periods are expiring, many lenders and advocates are demanding that state and federal officials make bail-out programs available.
Foreclosure refinancing help in Dayton, Ohio could be hard to find for some borrowers with subprime, adjustable rate mortgages. These borrowers opted for the subprime mortgages because they did not qualify for the prime rates. Many of them did not qualify because of less than perfect credit scores. When these same borrowers are attempting to find refinancing options, they are again faced with problems because of their credit score. This has prompted a few privately operated agencies to offer refinancing for these specific borrowers.