Is there a place that offers home equity loans to people that have bad credit? - first equity loans
My friend and I our house without a mortgage. We have about $ 76,000 in equity in our home but have bad credit. Is there somewhere we can go for a loan, with the Better Business Bureau. I want to ensure that its legitimate.
Friday, January 22, 2010
First Equity Loans Is There A Place That Offers Home Equity Loans To People That Have Bad Credit?
5 comments:
The shareholders' equity of $ 76,000 is a dream for a mortgage company. They are often from stock markets in your home, not intended so much on the employees. The current price for a 2nd Mortgage (another word for Homeequity loans) is 8.25%. It is a fixed rate for 15 years. With the need to bad credit, you pay 9.875%. Sorry, but this is the penalty you pay for the mistakes of the past. You can make money 4 days after application.
I'm sure someone would be stupid enough to borrow money and put a lien on your house, but you'll pay. You must make an effort to clean up your credit card before you in your loan application. My husband and I buy our first home, have no bad credit, but there are a few things about our credit report, that we take hands. You'll be surprised what you could do with some phone calls. Make sure that the situation easier to convince a reputable lender to give money instead of someone who steals. Good luck.
You need credit to use repair agency to get your credit repair - for example, this http://creditreport.fateback.com - - There may be a lot of bad things to your credit report makes clear - and much faster than you receive your card quickly.
After credit repair you can get the loan at minimum interest rate.
Poor credit is no longer a problem, there are many lenders on the internet, where you can easily apply for loans home equity loans. Visit this site ... http://www.badcreditresources.com/bad-cr - a list of lenders who have bad credit loans. Good luck!
These so-called hard money lenders in the U.S. are high. but you can choose to do to the first notes of FHA
I am a mortgage banker in TN & KY
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