Ease The Load on Your Shoulders With "Bad Credit" Mortgage Refinancing
Use your home equity to consolidate your debts into one lower payment
Imagine your credit card debt going through the roof. You are late in your car payments, and have no cash left in your savings account. Let's also assume that you've declared bankruptcy two years ago as well.
But that fixer-upper house you've bought for a modest price in a good neighborhood has appreciated remarkably over the years and that's why you are now sitting on some healthy equity.
What would you do?
Or consider a second case. When you bought your house a few years ago your bad credit history forced you to accept a stiff mortgage with a high interest rate and high monthly payments.
Now that you've accumulated some good equity in your home you are thinking if you can refinance your mortgage for better terms. Perhaps with the monthly amount you save in lower mortgage payments you'd perhaps like to enroll for a class or two at your community college for some training to advance in your career.
In both cases going to your local bank would probably be the worst exercise in futility. Why? Because the first thing a regular bank dealing in conventional loans would do is to pull out your most current credit report. And your bad credit history would be all there in that report for all to see. Just a few years of timely mortgage payments would not qualify you yet for a lower interest rate either.
But there is a solution – a subprime "bad debt" refinancing loan offered by a bad credit mortgage refinance lender like Mortgage Wizards, Inc.
What we will do is put together all you own on your current mortgage, plus all your credit card and other debts in one big basket, and then refinance the whole thing for a lower interest rate amortized out for a longer time period. The idea here is to consolidate your debts into a single easy payment and lower your monthly payment in order to help keep your head above the rising waters.
So how can we take such a lending risk that regular banks would rather avoid?
First of all, in such "bad debt" cases, we have more experience and resources than most banks do. This is our specialty and what we do daily to help our precious customers in need.
Secondly, the equity in your home would determine the kind of refinancing help we can extend your way because your home equity defines the limits of a consolidated loan amount and the interest rate you can take advantage of.
Thirdly, we can also maximize the refinanced mortgage amount and minimize the interest rate by adjusting the closing costs. Yes, it's true that "bad debt" refinancing generally carries higher upfront costs in terms of higher closing costs but that's what we all have to pay to stop the financial hemorrhage and establish control over our future. It's well worth it.
Call us TODAY at (877) 310-FUND to discuss your specific situation in total confidence. Let's consolidate your debts with a lower monthly mortgage payment and help you turn a clean new page in your life. That's why we are here.
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