Bad Credit Loans
Imperfect or Bad Credit Loans
Most, if not all loan programs can be utilized even if a borrower does not have perfect credit. In these cases the rates will be higher and LTV’s (loan to value) allowed will be lower. Most lenders have divisions created for the marketing and sales of special programs with incentives, when they recognize an area where there is a need.
Advantages
- Potential for reestablishing credit if you pay your mortgage on time.
- When used for debt consolidation you may be able to reduce your monthly debt payment.
Disadvantages
- Slightly higher interest rates.
- Terms may not be as favorable.
- Harder to get long term fixed loan.
We specialize in helping customers with imperfect and bad credit. This may be your golden opportunity to re-establish your credit and recover from overwhelming debt. Consolidate your high interest loans in one easy low interest monthly payment. Or buy a new home with a low interest rate. Even with poor or imperfect credit. We take exceptional pride in helping homeowners repair their credit and putting them on the road to recovery.
If you have been turned down for a home loan or you do not think that you can qualify, we can help. If you fall under categories like late payments, no credit, accounts in collection, unemployment or laid off, turned down by a bank, have judgments, liens, or charge offs, give us a call.