Uncategorized

Home Equity Loans With Bad Credit

bad credit loan

Are you an owner looking to withdraw money from your property?

You’re not alone. Most homeowners realize that a home equity loan may be the most cost-effective way to get the money they need for a variety of purposes.

With the increase in property values, now is the time to pay off high-interest debt, finance home improvement and college education, or get cash for almost any other reason.

You have probably heard that net worth loans are hard to come by today and that big banks only offer them to people with perfect credit.

The good news is that you are lucky. Home equity loans are making their comeback and are easier to qualify than in recent years.

In fact, our new home equity loan programs are much more flexible and even allow bad credit.

That’s right, you do not need good credit, or even an average credit to get approval for these equity loans.

 

Can lower scores be allowed for equity loans?

Can lower scores be allowed for equity loans?

Yes, with our lower credit score requirements (up to 500 points) and longer wait times, such as bankruptcy, foreclosure and short sales (one day only for certain programs), we get more and more loan approvals.

In 2016, Goohoo Finance reported that the national average credit score was 692. So you can get a score well below the national average and still get approved for a net worth loan with our new programs.

I know you probably think …

What is the trap? You need a little equity.

Since the value of properties has increased in recent years, most homeowners have more equity. The value of your property may be greater than you think.

 

Which programs will accept bad credit?

Which programs will accept bad credit?

Why do not you hear about these loans?

Because big banks do not like these loans. They mainly deal with perfect credit borrowers with large deposits.

They set very high solvency requirements to eliminate “risky” loans that appeal to federal regulators and their shareholders.

Be careful with the big banks, they have to let you apply but do not have to accept bad credit.

Our company works directly with some of the country’s largest wholesale mortgage banks specializing in these loans. We have been providing equity loans since 1991 and know how to help you get approval.

If you have been denied a home equity loan because of bad credit, do not be discouraged. Just think of working with the right people who will help you.

Let’s be simple: you do not need excellent credit, or even average credit, you just have equity in your home.

It is very easy to determine the amount of a loan you can claim, the amount of money you can get, and the number of monthly payments.

 

So what are you waiting for?

Are you ready to see what a new equity loan can do for you?

Get qualified in 5 minutes. Call us now!