|
There are many reasons
one would want to refinance their home and get cash
out. We don't let bad credit stand in the way of our
client's cash out needs. Below are a list of some of
the most common cash out reasons and how we can help
you achieve them with the best terms for you!
Great Reasons To Pull Cash Out of Your Home
-
CONSOLIDATE OTHER DEBT. (pull
cash out and pay off credit cards, car, medical, or
any other debt you may have. This option can lower
your monthly bills and often times improve your credit
by having less outstanding debts.)
-
PUT YOUR EQUITY INTO HIGHER
YIELDING INVESTMENTS (This idea is increasing in
popularity across the nation. If you are paying 6.5%
interest on your home loan, and you can invest your
money into other investments yielding a higher annual
interest than 6.5% then you are making your money work
for you! In addition the interest on the 6.5% interest
your paying on your residence is tax deductible. It
just makes perfect sense to make your equity increase
your wealth!)
-
HOME REMODELING (A great reason
to pull cash out of your home is to put it right back
in! remodel your kitchen or your bathroom or perhaps
add a pool. In most cases every dollar you put into
remodeling your home adds even more value to it,
thereby increasing the equity you have taken a loan
against.)
-
FORECLOSURE BAILOUT (It's sad
but many people in our great nation face foreclosure
every day. Maybe you had some medical problems or a
lawsuit that put you into a bind and got you behind on
your mortgage payments. A cash out refinance can help
not only payoff your old loan gone bad, but can also
help provide the funds you need to get back on your
feet and improve your credit.)
As you can see there are
many valid reasons for doing a cash out refinance loan
even with bad credit. It's important that you deal
with mortgage professionals that are experts in bad
credit cash out refinance loans however. You do not
want to get a high interest rate loan, and interest
only loan, or an adjustable rate loan without knowing
exactly how they can affect you.
We stress in most
cases the best option for our clients is a 30 year
fixed loan that carries the lowest interest rate
possible. If you have a credit score above 680
obviously you have the widest selection of loan
programs available to you. If however your score is
below a 600 you need to ensure that you have access to
programs such as our specialized bad credit cash out
loans that carry reasonable interest rates. We don't
believe that bad credit should stand in the way of our
clients' attaining affordable rates!
Highlights of our Cash
out Refinance Loans
-
30 year fixed rates that will never
adjust on you
-
No prepayment penalties EVER.
refinance or sell whenever you choose with no worries.
-
Very low mortgage insurance coverage.
-
One loan with no high rate 2nd
mortgage
-
Up to 97.75% LTV for owner occupied
homes.
-
Up to 90% LTV for no owner investment
cash out refinance loans
-
Low fixed rates between 5.75%-7.5%. NEVER
higher than 7.5%!
-
No need to pay off medical,
collections, charge-off's, or other bad debt if don't
chose to.
Now you can see why
we are the premier source for bad credit cash out
refinance loans in the U.S. Our mortgage professionals
are prepared to put their years of experience and our
access to these bad credit cash out mortgage loans to work for
you!
Contact US today or
APPLY ONLINE for a same day response and let's
start working together to help your American dream
come true!
OUR PROGRAMS
|
