If I'm currently in a credit card settlement program, what are the chances I'll be able to secure a refinance of my home? Thanks.
The answer is that is extremely unlikely.
When you are in a debt settlement program (where you are not paying your bills, but instead saving funds for lump sum settlements) your credit will be tarnished by late payments and credit derogatories and you will almost certainly not qualify for a loan until after you graduate and take some time to rebuild your credit.
Your credit history is a major consideration when you are shopping for a new mortgage. A favorable credit score will increase your chances of finding the best loan with a low rate and low points, since you will qualify for better interest rates than those available to people with credit problems. Unfortunately, while in a credit card debt consolidation program, your credit is typically harmed to the point where lenders will not offer you new loans.
I wish you the best of luck completing your settlement program. While it will take some time to get your credit into good shape, after you finish the program, it is far easier to rebuild credit than it is to pay off debt.
I hope that the information I have provided helps you Find. Learn. Save.