Sub-Prime Equity Loans
The Home Loan Magician offers sub-prime equity loans for borrowers with bad credit scores seeking home equity loans for cash out refinancing or debt consolidation. If you have enough equity in your home, borrowers can consolidate bills and pay off late 2nd mortgage payments, over-drawn credit cards and unpaid collections. If you need help getting cash out of your property because you can't document your income in the traditional way that banks like, have no fear, because we provide subprime home loans with stated income and reduced documentation options. If you have low credit scores but need some quick cash, get more info on the availability of subprime home loans.
Benefits from Subprime Home Equity Loans:
- Borrow 60-100% of your home's value
- Refinance credit card interest to a fixed rate
- Consolidate adjustable rate 2nd mortgages and HELOC's
- Get cash quickly for preventing foreclosures
- Lock into a fixed rate with a home equity refinance loan from Nationwide Lenders.
- Finance a Bankruptcy Bail Out
- Stated Income Home Loans
- Get funds for Home Construction
- No Penalties for Early Pay-Offs
When you have debts that are past due and your credit scores are slipping the timing for a sub-prime home equity loan could not be better. The longer you wait to refinance these debts the worse your credit score gets. You need to consolidate your credit and one of the best ways to pay off debt is with subprime equity loans.
If you have lived in your home for a few years there is a good chance that you have earned enough equity to qualify for an equity loan that will fix the interest rates of your debts and wrap them into one payment with tax deductible interest.
Home Loan Magician provides useful info on subprime loan programs and hard money lending to consumers with poor credit, and income documenting problems.