Getting a bad credit 2nd mortgage could be your 1st step toward climbing out of debt. Many homeowners are turning to bad credit 2nd mortgages instead of refinancing their 1st mortgages. So says Mark Askew of Financial Marketing Network:
"Lets say you want to do some home improvement work on and want to tap into some of your equity to fund the project but don't want the added expense of refinancing seeing that your rates are already low. Your alternatives are either an equity loan (2nd mortgage) or an equity line of credit."
Applying for a bad credit 2nd mortgage is quicker and less expensive than refinancing your 1st mortgage. Bad credit 2nd mortgages have never been easier to get. You can start now from the convenience of your own computer.
Don’t Ignore Your Greatest Financial Asset
"There’s 3.2 trillion dollars worth of untapped equity in the hands of homeowners today. Your home is probably your largest asset. It’s an almost risk-free investment that increases in value as housing prices continue to rise. You can easily turn this passive asset into ready cash to improve your financial situation with debt consolidation bad credit home loans (or bad credit 2nd mortgages)."
- Bruskin/Goldring Research
Don’t Worry about Bad Credit
Even if you have a FICO score of 620 or lower, you can still get a 2nd mortgage. Not only will this help your cash flow, but it can actually improve your financial standing if you use the money to pay off high interest debt. This new loan doesn’t reduce your debt; it just restructures it to help you get back on your feet financially. An added bonus is that the interest you pay is tax deductible. The IRS says joint filers can deduct all the interest to a maximum of $100,000.
Don’t Wait Any longer
Applying for a new mortgage is simple, safe and secure.
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