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Get More Info on a Bad Credit Equity Loan Today!



Home Equity Loans Bad Credit

Compare equity loans and check out our fixed rate home equity loan programs, credit lines and second mortgages for people with bad credit. Nationwide Mortgages can direct you to leading lenders that provide non-prime home equity loan programs. As you may already know, it can be difficult to find a lender that offers bad credit home equity loans to people with low fico scores. Nationwide Mortgages can introduce you to lenders that specialize in subprime equity loans for people who have bad credit. In some cases equity loans for homeowners with credit scores between 500-600 are approved.

Refinance Home Loans with Bad Credit and Variable Equity Lines of Credit

Shop fixed rates on bad credit financing, equity loans, second mortgages and equity lines of credit. Bad credit home loans are not easy to find this year, so take advantage of our flexible credit requirements and apply for an equity loan today. No cost or obligation for quote.

Preferred Loan Type:
Property Value:
Credit Rating:
Property Type:

Shop Terms and Rates on Equity Loans

For borrowers seeking more access to their equity, we offer no credit home loans for people with poor credit, and low fico scores. Bad credit home equity terms can vary significantly so discuss your qualifications with a loan officer now. Wouldn't it be nice if a mortgage company would extend a second chance to a homeowner seeking a home equity loan with bad credit scores? Find lenders that set themselves apart from other banks because they continue to take risks by offering home loans for people with bad credit histories.

Need Help Finding Lenders Offering Home Equity Loan for Bad Credit?

  • Subprime Home Equity
  • Hard Money Loans
  • Cash Back Lending
  • FHA Loans with Cash Out
  • Bad Credit Lines of Credit
  • Equity Loan Refinance
  • Home Loans for People with Bad Credit

Shop Online and you will enjoy our friendly loan officers that average almost 12 years of experience.

Get More Info on a Bad Credit Equity Loan Today!


Key Home Equity Factors

Home Equity Loan

- 80- 100% Equity Loans
- Fixed Rate Loan
- Fixed Loan Term
- Fixed Home Loan Payment
- Closed End Equity Loan
- Principal & Interest Payments
- Pay Interest on entire Loan
- Essential for Debt Consolidation
- Great Equity Home Loan Rate
- Quick Solution for Long Term Cash

Apply Now for a
Home Equity Loan

Equity Loans

Equity Loans and Bad Credit

  • 500 Fico Scores OK with FHA
  • Past Bankruptcy OK
  • Credit Card Lates OK
  • Hard Money Equity Loans
  • Late Payments on Home Loans OK

Revolving Home Equity Lines or Fixed Rate Equity Loans for People with Bad Credit

- Interest Only Payment Options
- Great for Home Improvements
- Excellent for Equity Loan Refinancing
- Great for Rebuilding Credit
- Good for Consolidating Debt
- New Home Equity Loan Credit Requirements

Get Pre-Qualified for a Low Rate Home Equity Line of Credit


Home Loan Disclosures
The 3.5% rate mentioned on this page was for a 250,000 at 3.5% is $1,122.61. This example of this rate would be with $1,195 paid at closing. The APR on this equity loan is 3.67%.Please be aware that loan to value below 90%, debt to income ratios below 50% and acceptable income documentation is required for this example. Taxes and insurance are not required on home equity lines of credit either.

5 Important Equity Loan Tips

1. Make sure the rate on your 1st mortgage is at or below the current market averages. Home equity rates are often a little bit higher than rates on 1st liens.

2. Prioritize your goals before loan shopping. Itemize how much money you actually need for home repairs, bill consolidation or investments.

3. Know your credit scores. This will save you time and help you portray a savvier image when speaking to finance professionals. This may help you steer clear of lenders that may not extend credit or loans with your fico score range. Not all lenders approve home equity loans for bad credit.

4. Find lenders that finance the loan you seek. When shopping for a home equity mortgage verify with the companies you are shopping that offer the type of programs you are seeking.

5. Compare quotes and disclosures carefully. It is critical that you compare "apples" to "apples", when shopping for 2nd mortgages. Compare rates, fees, terms and lending costs in a side by side analysis. Once you narrow it down then you compare reputation and customer service so that you can make a prudent decision on the best home equity loan for your situation.


Equity Loans to Settle Debt

Should I settle my tax debt with the IRS or pay off my tax liens with an equity loan?

It's no secret that the Federal Government has been issuing an increase in "offers in compromise" in the last few years. However typically if you have the ability to get cash from an equity loan then the IRS would have you pursue that option first. The "fresh start" program enables taxpayers the ability to start over.

Keep in mind that an offer in compromise can take years and a bad credit equity loan may provide you the ability to pay off the IRS and consolidate high interest debts a lot quicker.

If you already have tax liens you may need a hard money mortgage or a home equity loan for bad credit refinancing.

We suggest discuss your eligibility with a tax attorney before assuming anything. You can read more about the Fresh Start Article from the San Francisco Chronicle

 
Read and Review Bad Credit Home Loan Programs
Stated Income - Home Equity Mortgage

100% CLTV- Not Available
90% CLTV- maximum loan amount-is $250,000 - Not Available
80% CLTV- maximum loan amount-is $500,000 - (see lenders for credit score standards)
For more information and a No Cost Quote

Full Documentation - Home Equity Loan Refinancing
(W2's, Paystubs etc.)

100% CLTV- maximum loan amount-is $300,000 - Not Available
90% CLTV- maximum loan amount-is $400,000 - (see lenders for credit score standards)
80% CLTV- maximum loan amount-is $500,000 - (see lenders for credit score standards)
For more information and a No Cost Quote

Second Home - Home Equity Line of Credit

100% CLTV- Not Available
90% CLTV- maximum loan amount-is $300,000
80% CLTV- maximum loan amount-is $500,000
For more information and a No Cost Quote

Non-Owner Occupied - 2nd Mortgage

90% CLTV- Not Available
80% CLTV- maximum loan amount-is $300,000
70% CLTV- maximum loan amount-is $400,000
For more information and a No Cost Quote


Past Credit Problems? Considering a New Home Loan?

Don't let past credit blunders prevent you from taking out a home equity loan. Don't let income documentation hinder you from setting up a credit line or fixed rate equity loan. Most of the stated income loan programs have been placed on hold. Millions of homeowners need limited or reduced documentation equity loans because of their employment and the current economic conditions.

Refinancing or adding a house equity loan can help your credit score rebound dramatically. Quite often it also increases your credit scores with a good payment history.

  • Learn how to erase compounding credit card interest
  • Pay off high interest bad credit with Equity Loans that have a fixed rate
  • Fund home repairs with a home equity line of credit for bad credit
  • Consolidate all your bills into a Low equity loan payment
  • Refinance your existing adjustable rate equity loan
  • Learn How Bill Consolidation can save money and increase efficiencies
  • Convert your adjustable rates to a Fixed Rate Loan
  • Research Home Loans for People with Bad Credit Ratings
  • Find Out What Steps Need to Be Followed to Improve Fico Scores
  • Get Cash Out with Home Equity Refinance
  • Finance Home Improvements with or without equity
  • Refinance Your Adjustable Rate Home Equity Line of Credit

Compare No Cost Equity Loan Quotes from Multiple Lenders

*home equity loan approvals are subject to application submission and to mortgage lender approval based on the following: verification of income, employment, assets and other information like obtaining an acceptable property. Not everyone will qualify for bad credit home loans. Please note that "equity loans" are liens held in second position on the property's title, so it may deem a higher risk with underwriters.


Nationwide Mortgages' Lending Commitment

Many loan brokers and lenders may be offering equity loans and second mortgages that seem too good to be true... You know how the saying goes...The offers are probably too good to be true. A good indication of this usually happens when the loan officer from that bank promises to call you back, but neglects to answer his/her phone, return your messages or send you the loan disclosures that are required by law. At first you are surprised they don't return your calls, because you are ready to do business and they seemed so nice when they quoted you home equity loan rates so much lower than the competition.

Be careful comparing home equity loans, because many companies are making great offers to people with considerably high credit scores. Avoid spending time with people who quote you equity loan terms without analyzing your credit, and debt ratios. Bad credit equity loan rates are typically a few points higher than prime rates. Of course understanding the estimated value of your home is imperative for getting a real home equity quote. In 2013 you can find a few lenders that offer equity loans for people with bad credit, so do not assume that there aren't cash out or debt consolidation solutions for you because you have a low fico score. In most instances you will need more equity if you do not have a good credit history.

Apply Now

Additional House Equity Loan Choices from Nationwide Mortgages

Most borrowers agree with our philosophy that "less paperwork is better," and that's why Nationwide remains at the fore-front of streamlined equity loans and refinance products. We provide great 1st and 2nd loan product features like no income home equity mortgages. These special equity loans are available in fixed rate installment loans and variable rate lines of credit.

Self-employed homeowners, sales professionals and independent contractors are encouraged to check out our "Bank Statement Loan." Now people can get the Low Rates of our Full documentation program with the. No W2's or Pay-stubs, just 12 month of bank statements.
You don't have to refinance your 1st loan to get cash out! Take out an equity loan and get money back at a great interest rate. We strongly suggest refinancing your debt and save money every month by reducing interest and housing expenses.
Time to Fix your ARM loan. Refinance for a lower payment and fixed rate term. We help people with bad credit scores secure a home equity loan that meets their goals and budget. We understand that getting a loan with bad credit can be complex and that is why Nationwide has focused on simplifying the home equity loan process for all types of consumers.

Important Tips for Shopping Equity Loans Online

Ask your loan officer about current fico requirements. Check with lenders or underwriters for current home equity loan credit eligibility.

Tax Deductions: ** The IRS wants us to remind you that home equity loan interest is only deductible up to the value of the house. For example, tax deductions may be allowed on 100% equity loans but not 125% loans. Please discuss you deduction eligibility with a tax advisor.

Get More Info Today and Learn about How to Qualify for the Best Home Equity Loan Rate Online!
 
 
 

This is not an advertisement for credit. See Privacy for Details. Nothing on this site contains an offer. NationwideMortgages.net does not make home equity loans. The participating lenders will not guarantee any equity loan for any purpose or on any specific terms. Equity loans cannot be made online or be approved without an underwriter analyzing your credit score, debt to income ratio and combined loan to value.

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