Mortgage Refinance
Bad Credit Mortgage Loan Company introduces mortgage refinancing to 97% and Freddie Mac wholesale loans to 100%. The refinance loan products have been improving with lower mortgage rates and expanded lending guidelines allowing bad credit scores or past bankruptcies. FHA has rolled out a new secure FHA loan option that is designed for homeowners who cannot afford their current adjustable rate mortgage. Cash out is not allowed with fHA secure refinancing, but you can refinance your ARM up to 97%.
This is an easy way to get professional quotes from lenders that specialize in debt consolidation loans and Mortgage Refinance Loans in all 50 states. Pay off your bills with a 2nd mortgage and save hundreds of dollars every month. *In addition there may tax deduction for mortgage interest up to the value of your home.
Mortgage Refinance
You can get free up cash for home improvements or debt consolidation.
- Lower refinance payments that are better than your current interest rate
- Lower mortgage payments monthly with no equity needed with fair or good credit scores
- Get cash from your home's equity with loans from 80 to 100% based on credit scores and debt to income ratios.
No Application Fee & No Obligation
Refinancing your existing Mortgage to reduce your monthly debts can be a smart way to realize significant monthly savings. Eliminate the burden of high interest credit cards that seem to have never ending balances.
Our Quick App System provides fast and efficient approval within 24 hours.
* Please consult a tax advisory
Common Bad Credit Mortgage Refinance Options for Homeowners |
||
Mortgage Refinance |
Debt Consolidation Loans |
Bad Credit Home Equity |
|
|
|
Jumbo Mortgage |
Bad Credit Second Mortgage |
Interest Only Mortgage |
|
|
|
Why refinance right now?
Fixed rates are dropping again.
Pay close attention to the Federal Reserve Board in 2008 and 2009 when considering refinancing your home. Check interest rates regularly to find out when the mortgage rates have reached the level you need to reduce your monthly expenses and save you money.
Thousands of mortgage brokers went out of business in 2007 as the banks began tightening guidelines and property values plummeted. Home refinancing is at its highest level in 3 years. The number of mortgage refinance loans a few weeks ago was over 80 percent higher than they were at a year ago, according to the most recent data from the Mortgage Brokers Association.
"Borrowers are noticing that mortgage rates are dropping, and it may make sense to refinance into a 30 year fixed rate loan." Said Mark Pereida, mortgage executive with CFB located in Irvine California. His clients are starting to call about refinancing their 3 and 5 year ARM’s and Mark would like nothing better than provide a fixed rate security blanket to his borrowers for the next 30 years.
More homeowners are re-applying for home refinancing, hoping to lock into better interest rates now that have dipped back near the 6 percent threshold for a 30-year mortgage loans, according to Pereida. Many loan applicants are expecting lower mortgage rates to rise in the near term, following the upward curve of the fed funds rate, controlled by the Fed, and want to jump into a seemingly closing window.
How Do You Refinance?
- Make sure to bring all your financial numbers to the table, whether you're talking to a mortgage lender in the office or over the phone.
- Have financial records, pay stubs, bank balance statements and tax records on hand.