Can I get a home equity loan with Bad Credit. i OWN My home and its fully paid for?
I went to the bank today and tried to get a home equity loan but they turned me down because I had terrible credit. I have a stable job that I worked at for over 5 years, I own my home and it is fully paid for. I drive a 2006 Mustang Gt but they still turned me down because of terrible credit. I wanted to get the cash to fix my home becuase it need new pipes and a heating system, so i wasnt going to go blow the money. My credit isnt super terrible but its still not excellent, is it possible for me to get a home equity loan without excellent credit. i DONT want any online loan stuff or any stuff like that. I LIVE in a small town with not that many banks and i need this loan before winter. cAN I GET THIS LOAN WITH MY TERRIBLE CREDIT?
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Tags: bad credit, banks, fixed rate private student loan consolidation, Home Equity Loan, home equity loan lowest rate, money, mustang gt, pipes, stable job
With you owning the home outright you should be able to get money. You didn’t say if you were trying to get a signature loan, mortage or line of credit. All three have different requirements and also have different APR rates. You could also try with an on line corporation. Try something like Ditech, run by GM, Stay away from the get cash quick places like QUICK CASH with ads with garry coleman. Those rotten companies charge up to 99% Stick with a excellent company and check with the BBB.pp
It’s still possible to get a loan with terrible credit. When the refi boom hit an all time high in 2003 most of the people with A credit ratings (really excellent) cashed in. Now to stay afloat lenders are having to change their loan programs to include those with not so perfect credit. There are plenty of loans out there for you, just don’t give up. Do not go around applying for a bunch of loans, though too many inquires hurt your credit rating further. Find a mortgage broker or loan officer to help you, they’ll pull your credit once and then run through several lenders to find you the best deal. Your interest rate will be higher because of your credit but getting the money you need shouldn’t be a problem. Or try calling Countrywide, they have fantastic programs all over the country.
Maybe what you should seek is a line of credit on the equity in your home.
Yes, you can get a loan on basically any credit if there is sufficient equity. Local banks often turn people down or give them higher rates based on thier asset pool. Try a mortgage broker. They can get the money for you.
There are hundreds if not thousands of websites on the internet enumerating the ways to apply and receive home loan when you are plagued with terrible credit issues. These sites help consumers with terrible credit scores to increase the viability of their existing credit scores and set up loans regardless of their credit history.Companies that specialize in terrible credit home loans; usually offer a wide range of options for consumers with terrible credit<!–These options include Terrible Credit Home Loans, Home Equity and Line of Credit (HELOC) Loans and different options for Mortgage Refinancing, making it possible for those with terrible credit to realize the dream of owning their own home.You can find more information on Home Loans here,
http://badcredits.awardspace.com/homeloans.htm
They also offer a debt consolidation offer which helps the home owner organize a comprehensive program for controlling their spending. Many consumers with terrible credit are grateful for the opportunity to receive a second chance, sort to speak–>Terrible credit hasn’t stopped them from purchasing a home. There are several programs available for people with terrible credit that helps to restore their credit status and to live debt free lives.
i am mrs wee, i want you to help me to thank Mr Aso he is a fantastic lender he help me with a loan with a low rate interest,pls if you are in need contact Mr Asorealloan_nelly@yahoo.com
Thanks
i wesh you excellent luck