Can you still refinance if your verification of mortgage comes back bad?

I have payed my mortgage late a few times two of which were 31 days late... I forgot! But, my mortgage broker is just waiting on my VOE from my current mortgage company to close on my refinance, but he said he talked to them and they said I haven't made any late payments, and I know I have. Can I still refinance?Can you still refinance if your verification of mortgage comes back bad?
Don't tell anyone you made late payments, it usually takes awhile for it to register on your credit report. Once it does register, unless the refinance is done before then, your interest rate will usually go higher. DON'T BE LATE ON ANY PAYMENTS, IT WILL ALL SHOW ON YOUR REPORT SOONER OR LATER!!


The better you are paying your bills on time, the better rates you get on thing you really want that cost alot like homes, cars, boats etc. The better rate you get the lower your payments will be, so stay ahead of the game. Never give out more info than is asked for because they will pull your credit report anyway and just about everything always shows up on it . If something bad is not on it yet, you could be putting your foot in your mouth. Also don't let just anyone pull your credit report, everytime someone does, it DROPS the credit report score. Yes you can still refinance. Good Luck!!Can you still refinance if your verification of mortgage comes back bad?
all lenders have different guidelines in which they lend money. I work with Providential Bancorp, a nationwide lender based in Chicago. We can wualify just about anyone as long as they are employed. Call me at 312-264-6448, my name is Jason. jasonf@providential.com

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I have been in credit/financial banking for over 16 years. I worked for Chase Manhattan Bank for a number of years so I can answer this with some conviction. Yes you can still qualify for a refinance. Your interest rate will be higher and the term will be shorter. There are other options out there to refinancing that are actually better if you have a few late payments under your belt. Citifinancial offers an equity loan that is based upon CMA.....this means they do a comparitive marketing analysis. Meaning they base your equity on averages for your area so you dont have to wait for an appraisal and the rescision period is only 3 days instead of 7 or 10 like with Ameriquest and some other lenders. Make sure they are informing you of the rescision period and if this is for debt consolidation purposes then make sure you know if the title company disburses payment or if you have to so that you can keep very good records. I have seen too many paid off credit cards go into collections because of lost proof of payment.