#mortgage lenders for bad credit
Find the Best 2nd Mortgage Online
Find respected 2nd mortgage companies that specialize in bad credit refinancing, and home equity loans from 75-100% with fixed rate options. Most second mortgage lenders have tightened guidelines or pulled their home equity programs all together. Our second mortgage lenders remain aggressive with cash out alternatives for consumers who do not want to refinance their first mortgage.
Learn How to Refinance Your Bad Credit 2nd Mortgage Loan
Once again we ranked in the top 5 for second mortgage lenders online. We would like to extend our gratification to our customers by continuing with our policy of “No application fees for our second mortgage quotes.”
- Let the Brokers & Banks compete for your loan business!
- Refinance your first or second mortgages with a fixed rate!
- Get money with an interest only credit line for home renovation
- Combine all your home mortgages together and save!
Save time and money at home and let the expertise at 1 Second Mortgage bring the brokers, lenders, and bankers to you.
You are not obligated to do a loan with our lenders, but we appreciate the opportunity to compete for your financing business.
#1 Second Mortgage will help you compare 2nd mortgage options from the nation’s leading second mortgage lenders. There are many new lending opportunities that arise all the time but you need to be speaking with the banks and lenders that specialize in second mortgage loan programs.
Apply for a refinance or bad credit second mortgage online, and relax, while we bring the 4 best loan quotes to you. You will enjoy the automated process, competitive loan rates, and financial expertise that come standard with no charge from #1 Second Mortgage.
Our lending partners offer home equity loans for most types of credit! If you have been turned down lately, this is a cost-effective way to use your home equity and pay off loans quickly at a lesser rate of interest. If you have noticed that your ARM payment has been increasing it may be time to revise both your 1st and 2nd home mortgages.
Many homeowners are paying off debt and getting the monthly payments reduced with a fixed rate equity loan. Refinance your home purchase or credit line with a fixed interest mortgage is suggested if the rates are variable. Select from reduced interest programs that are designed for refinancing your 1st mortgage or consolidating your 2nd mortgage.В
If your credit line rate is above “Prime”, we suggest refinancing with one of our fixed rate 2nd mortgages. Ask your loan officer about the “Quick Fix” loan that features a streamlined mortgage process and limited closing costs.
Let us help you find the right lender today!
No Equity Required! 95% Cash Back LoansВ
Free Mortgage Refinance Quote -В Rate Quote Request
Taking Out a Home Equity Loan
A home equity loan is a 2nd mortgage that borrowers usually take out for the purposes of getting back cash or revising the interest rates on their variable rate credit cards.
If you have a line of credit with a variable interest rate, you may be able to lower your monthly payment and possibly retain tax advantages. Getting a second loan may create new opportunities for you to save money while helping to increase your emergency funds.
Debt Consolidation Solutions
A debt consolidation loan using your property as collateral can be a wise financing decision for your bottom line. Many consumers use their home and take out a second mortgage or refinance loan that is secured by your home. The main purpose of these loans is to refinance existing obligations. You may be able to save a lot of money by rolling the credit cards into one lower rate loan with a fixed term. Many times, this will assist you in gaining additional tax advantages that your debt’s interest isn’t earning you now. If your credit scores are too low, consider a debt consolidation loan for bad credit.
Second Mortgage Lending
A second mortgage is a subordinate loan behind your first mortgage. Borrowers take out 2nd loans to get cash, make modifications to their home and pay off multiple bills. Most people are able to lower their payments each month, while gaining additional mortgage tax deductions. Typically when you apply with mortgage refinance lenders, many will want you to refinance the second mortgage at the same time you refinance the first mortgage, otherwise you will have to get the second mortgage company to agree to complete a subordination agreement.
Mortgage Refinance Considerations
Mortgage refinance loans may help you lower the interest rate, and save you additional money with lower payments. Choose from fixed rate refinancing terms of 15, 30 and 40 year mortgages. Select from interest only or principal and interest payment options with fixed or adjustable rate amortization. If you have been rejected from lenders because you are currently late on your mortgage payment, consider a home loan modification from a foreclosure prevention company.
Considering a Home Refinance
Refinancing your home can lock your rate with a fixed rate loan that ensures fixed payments every month until your loan is paid back in full. You can refinance your primary residence, second home, or investment property and lower your mortgage payments for large savings. Our loan company offers FHA home loans; VA mortgage, conforming, and non-conforming sub-prime refinance loans. Bad credit scores have hindered many homeowners, but the FHA loan programs have opened the door for borrowers to refinance into a fixed rate with loans like the FHA Secure Refinance and the Hope for Homeowners.
Home Improvement – Credit Lines
Take advantage of the equity in your home and get a second loan for home improvement projects, like remodeling or adding a new pool. We offer loans for people who just bought their home, or homeowners that just want to fix up their old home.
Take some time and research the interest rate, Federal Reserve policy, and learn more about the crucial economic indicators that determine the direction of lending institutions; Or you could let the #1 Second Mortgage Company help you through the tiring process of mortgage loans online. Let us do the mortgage loan shopping for you.
Recently Posted 2nd Mortgage Articles
Should I refinance a 2nd mortgage? В – You may be able to improve your financial situation by refinancing a HELOC or second mortgage.
How to get a 2nd mortgage modification В – Find out the steps needed for relief and foreclosure prevention.
If you have the means to reduce your monthly payments or long term debts it usually makes sense to refinance liens together.
10 tips for refinancing a 2nd mortgage В – Get advice from financing experts online.
Taking out a 2nd mortgage is possible, even if you have a government home loan.
Do lenders still offer 2nd mortgages with an interest only payment option? В Lenders are not extending deferred interest but interest only is still available with home equity lines of credit.
For More Second Mortgage Information:
What is a 2nd Mortgage?
In finance terms it is a “junior lien” that sits behind the 1st loan on title. A “second mortgage” no longer has the stigma it once had with homeowners in the 70’s. Today savvy borrowers use the 2nd loan to maximize tax deductions and low interest financing.
Second Mortgage Loan Programs: 80-100%
Several Equity Loan Options to Consider:
1. Fixed Installment Loan
2. Revolving Credit Line
3. 1st and 2nd Mortgage Combination
Shop our network of over 500 home lenders and mortgage brokers will be matched with your loan criteria to get you the best mortgage rate for refinance or 2nd mortgage loan.
Welcome to the Online Solution Where Brokers & Banks Compete for Your home finance business!
Low Interest Rate
- No PMI Options
- Tax Deductions
- Improved Financing
Combine your 1st & 2nd
Into 1 mortgage with better rates and lower payments!
Second Home Loans
- Vacation Home Loan
- Investment Loans
- 2nd Home Refinancing
- Emergency Credit Lines
Online Mortgage Rates
Quick loan rate quotes
* 3 Quotes Mortgage lenders
Start taking home financing seriously, because leveraging your debts can save you thousands of dollars of the course of your lifetime. Be wise, and start working smart, instead of working harder to pay off credit card debt. If you can’t qualify for Second Mortgage Loans you want, a FHA mortgage can be effective solutions that you and your family will benefit from because the rates are fixed and reasonable. Check with our 2nd mortgage lenders for new programs.
Home Equity Credit
* Low interest only
Pay off high rate debt
Lower Monthly Payment