Bad Credit Cash Out

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!