Mortgage loans are difficult enough to get if you have just alright credit but if you have bad credit or adverse credit and want a or a mortgage loan, ...Adverse Credit Remortgages are commonly used with people who have bad credit. Another important benefit of refinance mortgage loans is that gives the borrower more flexibility. It allows you to change loan terms from a long one to something shorter. In this way, you can pay off the principal more quickly, thus saving you from the total interest charges.