Bad Credit Mortgage Second
MortgageLoanOutlet.com is an online marketplace where mortgage lenders offer wholesale loan for homeowners with bad credit looking to refinance or take out a second mortgage for debt consolidation. Get updated interest rates, regardless of your credit score. If you are tired of being turned down because of past bankruptcies or late mortgage payments, let the lenders at MortgageLoanOutlet.com help you get approved for a debt consolidation refinance or second mortgage.
Fixed Rate Mortgage Refinance
Fixed interest rates for the life of the loan.
Terms offered: 15,20, 30, 40 50 Year Fixed
Adjustable Rate Refinance
These are adjustable interest loans vary according to the margin and index.
Terms offered: 2/28, 3/1, 5/1, 7/1, 10/1
Available Index: LIBOR, MTA, COFI, CODI, COSI
Mortgage Loan Outlet.com also offers other second mortgage loans with features like: no income verification, stated income, no asset verification, no employment verification, less than perfect credit, 2nd mortgage financing, and with no PMI. Mortgage Loan Outlet.com is a mortgage lender service who also works with other banks, brokers and mortgage lenders when we meet a homeowner who needs a loan "outside of our box."
We have a number of loan options and can help you find the right lending package for your individual needs, depending on your current and future financial situation. These historically low interest rates are guaranteed to return to normal, so you can't afford to put home buying on the back burner! A mortgage program from Mortgage Loan Outlet could be the perfect solution to your financial needs!
Federal Reserve Maintains Current Mortgage Rules
Conventional loans with LTV ratios above 80% that currently have a 50% risk weight due to MI would have been pushed into a 75% or 100% risk weighting.
The banking regulators also proposed to raise the risk weights up to 200% for certain balloon and interest-only loans. Community banks and others complained the Basel III proposal would reduce access to credit and increase regulatory burden on small banks and thrifts.