Five Poor Credit Mortgage Solutions

Mar 152018

There are many reasons that a homeowner may need to access the equity in their home, but the most common one is to improve their financial situation -- whether by consolidating debt, getting a second mortgage, or obtaining interim (bridge) financing. The conundrum is that by the time many homeowners find themselves in a financial bind, their credit score has already been damaged. If you're in need of financing but keep getting turned down by traditional lending institutions, it may be time to consider one of the following five poor credit score mortgage solutions. 

The Benefits of Working with a Bad Credit Mortgage Broker

Mar 012018

If you have less-than-stellar credit or owe a large amount of debt, you may wonder what the point of hiring a mortgage broker is. After all, isn't that just another expense? The truth is, there are many great reasons to consider hiring a bad credit mortgage broker to assist you in applying for financing. Here are three of them. 

Why Bridge Financing is a Great Way to Own Your Dream Home

Feb 152018

Bridge financing is most commonly used by homeowners who need short-term financing between the sale of their current home and the closing of their new home. But many homeowners are discovering that bridge loans can also be cost-effective way to turn their new property into the home of their dreams. Here, we'll look at what bridge financing is and how it can help you own your dream home, today. 

5 Tips to Refinancing a Mortgage with Bad Credit

Feb 012018

Refinancing a mortgage with bad credit can be tricky, but with a little research and preparation, it can be done. Here are a few tips for making your application more attractive to lenders. 

The Benefits of Getting a Home Renovation Loan

Jan 152018

There are many reasons to renovate a home, but most homeowners do so with the intent of increasing their home's value should they decide to sell in the future. Financing home remodelling projects with home renovation loans can be a great way to lower your costs and boost your return on investment (ROI). Here are a few specific benefits of home renovation financing. 

Bad Credit Mortgage Lenders: Is Private Lending Worth it?

Jan 012018

Obtaining a mortgage through a private lender may be more expensive than borrowing from a bank, but it's often the best option for people who are unable to qualify for a loan through a "traditional" lending institution. But is borrowing a large sum of money from private bad credit mortgage lenders a good idea? Here's what you need to know about private bad credit mortgage lenders. 

The Woes of a Second Mortgage with Bad Credit

Dec 152017

Second Mortgage with Bad Credit

Getting a second mortgage can be a great way to access the equity you have built up in your home so that you can pay off your high-interest consumer debt. But while it's possible to obtain a second mortgage with bad credit, taking on a new debt doesn't always make the best financial sense. Below are three important things to consider before applying for a second mortgage with bad credit. 

3 Things You Didn’t Know About Debt Consolidation Loans

Dec 012017

Debt Consolidation Loans
If you have a lot of monthly loan payments and high amounts of outstanding debt, consolidating them into one monthly payment can be a great way to lower your monthly payments, reduce your interest rates, and pay off your debt faster. Here are three important things to know about debt consolidation loans. 

Poor Credit Score Mortgage Solutions: Are Millennials at Risk

Nov 162017

Millennials are responsible with consumer debt, but are they too responsible? Research indicates that not accumulating debt could hinder, rather than help, millennials' financial future -- especially when it comes time to buy a house. Here's why more millennials are having to turn to poor credit score mortgage solutions  to purchase a home. 

Why Use a Bad Credit Mortgage Broker

Nov 012017

Bad Credit Mortgage Broker
Fear of being denied financing leads many people with less-than-stellar credit to simply avoid applying for a mortgage altogether. But while your borrowing history is an important factor in getting approved for a mortgage, it is possible to secure a home loan with poor credit. Here are a few reasons to consider working with a bad credit mortgage broker in your mortgage search. 

Learn More About Getting a Mortgage with Bad Credit