Bad Credit Home Equity Loans

A home equity loan allows you to borrow against the equity you have built in your house. Even if you have no equity, you may be able to borrow up to 125% of the value of your home. You can use the extra cash to consolidate bills, fund college tuition, or any other reason you see fit. If you have bad credit, you can still apply and be approved for a home equity loan. Mortgage lenders are offering great interest rates and easy terms on home equity loans, even if your credit history is less than perfect.

A home equity loan will give you the financial means to pay off your debts and begin rebuilding your credit. You can use the cash for any reason you choose and you may even lower your monthly mortgage payments in the process. Don't let bad credit stop you from applying for a home equity loan. Lenders are competing for your business and can offer you numerous options and choices when you apply for a home equity loan.

Homeowners have an advantage when bad credit prevents them from obtaining new credit accounts. You can use the equity in your home to secure a loan up to 125% of your home's appraised value. Bad credit will not exclude you from apply for and being approved for a home equity loan. Lenders are currently offering loan products for all types of credit situations. If you have bad credit and own your home, a home equity loan can be designed to fit your individual needs. You can begin rebuilding your credit and get the extra cash you need to pay off high interest credit cards, past due accounts, and any other expenses you may have.

Bad credit will not prevent you from applying for a home equity loan. You could even be approved for a home equity loan up to 125% of your home's value. Begin rebuilding your credit and get the extra cash you need to put you on the path to financial freedom. It is even possible for you to lower the amount of your monthly mortgage payments with a home equity loan. You can have extra cash in your wallet each month to help you repair your credit history. A home equity loan, even if you have bad credit, can be the solution the stress and pressure that comes from past due bills and endless calls from creditors.

To view our list of recommended bad credit home equity lenders, visit this page: Recommended Bad Credit Home Equity Lenders.

Carrie Reeder is the owner of ABC Loan Guide, an informational website with articles and the latest news about various types of loans.

---

Adjustable Rate Basics

An adjustable rate loan, most simply stated, means that your... Read More

Bad Credit History? How Financing and Buying a Home Can Help You Improve Your Financial Situation

Financing and buying a home can help improve your financial... Read More

Mortgage Marketing

W. Edwards Deming said "Marketing and innovation are the only... Read More

How to Save Money by Using an Independent Commercial Mortgage Broker

Being a creature of habit can cost you plenty when... Read More

FHA Mortgage: Whats the Best Way to Show an Underwriter that Youre Ready to Buy a House?

Mortgage underwriters can be a suspicious bunch. If you have... Read More

Subprime Mortgage Lenders - Helpful Tips When Getting a Subprime Mortgage Loan

If you have bad credit history, no down payment or... Read More

6 Things to Consider Before Refinancing

Perhaps you're a homeowner in need of some quick cash.Maybe... Read More

A Guide to Selecting a Mortgage Broker in Australia

Once you have made the decision to buy a home... Read More

Home Mortgage Quotes Online - How Do They Compare To a Quote From a Broker in The Real World?

Online home mortgage quotes are very similar to the quotes... Read More

How to Shop Around for the Cheapest Mortgage Deal Online

Before you start shopping around for a mortgage, you need... Read More

Mortgage Calculator ? How to Calculate Your Monthly Mortgage Payment

Just starting to shop for a new home? Do you... Read More

Are Biweekly Mortgages Really Worthwhile?

You may have heard people, especially mortgage lenders, extolling the... Read More

Zero Down Payment Mortgage ? Can It Be Done?

"I've been renting for years now; I've always paid my... Read More

Poor Credit? Get a Sub-Prime Mortgage Now, and Refinance to a Conventional Mortgage Later

There are great mortgage loans for people with poor credit,... Read More

Home Equity Loan Considerations

In other words, the benefit of the loan must outlast... Read More

Buying a Home? Dont Get Saddled with Two Mortgage Payments

I have a lot of friends and family who are... Read More

Option ARM Mortgage Loan - Is This Really for You?

What happened to the days of a 15 or 30... Read More

Home Mortgage Loans For People With Bad Credit

Getting a home loan with bad credit has actually never... Read More

Avoiding Foreclosure

If you fall behind in your mortgage payments, you face... Read More

Home Owner Loans Explained

How To Release Equity Locked Up In Your Home For... Read More

What is a Current Account Mortgage?

Current account mortgages are fairly new to the sector. They... Read More

Home Loans For People With Adverse Credit History

Whether you are planning to purchase a home for the... Read More

What is a Home Equity Loan?

A home equity loan is a loan that is guaranteed... Read More

Look For a Great Mortgage Online

People who are looking for a mortgage today have many... Read More

Applying Online For A Home Loan Can Give You an Instant Approval

"Instant Approval For Home Loans" is a common refrain for... Read More

A Guide to Getting Bad Credit Home Improvement Loans

You might be wanting to look into bad credit home... Read More

Home Equity Loan ? A Reverse Mortgage Could Provide a Comfortable Retirement!

While only comprising about 1% of all mortgages, the reverse... Read More

Private Mortgage Insurance (PMI)

If your down payment on a home is less than... Read More

Poor Credit Home Mortgage Loans - The Role of the FICO Score

If you have bad credit history and are looking to... Read More

The Truth About Shopping for Mortgage Rates

With so much lender advertising focusing just on rates, you... Read More

First Time Buyer Home Loans - Things To Consider When Applying Online

As a first time home buyer, there are several things... Read More

Home Loan Applications Made Easy

You have finally found the home of your dreams. You... Read More

Tips for Getting Home Loans from the Right Lenders

Getting home loans is possibly the biggest step in an... Read More