Mortgage Bad Credit
If you are like most homeowners, you probably have a first
mortgage loan on your home. Typically, such mortgage loans are for 15 to 30 years, with the monthly payments adjusted so that the loan is paid in full at the end of the term.
As you make monthly second mortgage payments and the value of the home increases, your interest in the property - called equity - grows. These types of loans are often called 2nd mortgages because the equity in your home is collateral for the amount of credit you request.
Often times, homeowners may wish to borrow against the equity in their home to get cash, to make home improvements, to educate their children, or to consolidate credit card debts. Sometimes homeowners can save hundreds of dollars a month by committing to second mortgages for bad credit.
Through our alliances with second mortgage lenders nationwide we now offer our second mortgage loans to people with low credit scores or rebuilding after bankruptcy. Second mortgages allow you to obtain cash advances for quick access to extra money or you can a write check to yourself up to your credit limit.
Benefits of second mortgage with Bad Credit
- No Equity Required
- Don't need to touch your existing Low Rate 1st Mortgage
- Tax Deductible
- Consolidating Debts will Lower Your Monthly Payments
- 125% Second Mortgage
- 1st Time Homebuyers OK
- Poor Credit OK
- No Verification Income Loans
- Self Employed Borrowers OK
- Interest Only Loan Options
- Home Equity Lines of Credit
How to find the best second mortgage with Bad Credit