Imperfect Credit

Whether you are thinking about buying/refinancing a new home or your existing home, or taking out a second mortgage, bad credit doesn't have to stand in your way. Apply today and find out what your mortgage rates and down payment will be with no obligation or cost for this information.

Equity Nation, Inc. will work out a scenario that is specially designed to meet your budget regardless of your credit history - bad credit, no credit, poor credit, and even bankruptcy.

Don’t wait. There’s no obligation and it’s free to apply. Click here to Apply Today!

	Debt Consolidation

Many people think they won’t qualify for a debt consolidation loan if they have bad credit. Others apply for a debt consolidation loan only to be turned down by the lender. This doesn’t have to happen to you, before you apply for a debt consolidation loan there are a few things you need to know.

4 out of 5 loan applicants get approved! Our experts love to say "yes" to borrowers – even those with less-than-perfect credit. If you want to tap into your home's equity to get cash, consolidate debt and/or lower monthly expenses, we can get you approved with competitively fixed and adjustable rate loans and home equity lines of credit. With our extensive list of direct lenders, we have all the resources needed to custom tailor a loan to meet your individual needs.

Here are just a few of the many ways of using your home's equity to consolidate debt:

• Drastically reduce your credit card interest rates and monthly payments

• Rebuild poor credit

• Interest may be tax deductible

• Eliminate late fees and make one low payment instead of several

• Stop harassing bill calls from collectors

Click here to apply.

	Refinancing

Refinancing means taking out a new home loan to pay off any existing mortgage(s) on a property. Many people decide to refinance when interest rates go down, but it may or may not be a wise decision depending on your individual situation. It would be best to speak to a loan officer about your objectives.

Reasons for mortgage refinancing:

• Lower monthly payment – (due to lower interest rate) less interest causes the monthly payment to decrease.

• Combine 1st and 2nd mortgages into one loan

• Cash-out – borrowers can use the equity in their home(s) to get cash needed for other expenses.

When should I refinance?

RIGHT NOW! Rates are still incredibly low.

All credit types should apply for mortgage refinancing.

In just a few easy steps you'll be on your way to getting refinanced on a home loan, even with bad credit, no credit or bankruptcy.

Don’t wait. There’s no obligation and it’s free to apply. Apply Today!

	Unconventional Loans

Jumbo Mortgages

A loan that does not conform to the guidelines established by Fannie Mae or Freddie Mac or exceeds the conventional loan limit is called a Jumbo mortgage loan. These loan amounts can go up to ten million dollars. Loan to value limits for Jumbo mortgage loans vary depending on the loan amount. This type of loan is best for people who want to lower their interest rate on a jumbo mortgage, and/or want to qualify to purchase a larger home.

Adjustable Rate Mortgages

Adjustable Rate Mortgages (ARMs) have become one of the most popular and effective tools for helping some prospective home buyers achieve their dream of homeownership. ARMs offer lower initial rates by sharing the future risk of higher rates between borrower and lender.

ARMs can be an excellent choice for financing under certain conditions, such as rising income expectations, high interest rates, and short-term homeownership. As payments can increase with interest rates, those considering this kind of mortgage need to be prepared with enough income to sustain all possible rate and/or payment fluctuations.

The initial interest rate on ARMs is typically one to three percentage points lower than most fixed rate mortgages, making the initial monthly payments low, resulting in an earlier qualification process as well.

Balloon Mortgages

For those expecting to remain in their home for a relatively short period of time, 5/25 and 7/23 Convertible, Two-Step, and Balloon mortgages are getting more popular since they often provide lower rates than conventional 30 year mortgages, while still allowing a fixed payment schedule for the first 5 or more years.

Stated Income Mortgages

Often referred to as a “No-Income Verification” (NIV) loan because it uses the income stated on your loan application! This is an outstanding program for those who are self-employed, commission-based, or file 1099 on their tax returns.

Don’t wait. There’s no obligation and it’s free to apply. Apply Today!

 

	Home Equity Loans & Second Mortgages

What is a Home Equity Line of Credit?

A loan for any purpose, that is secured by the value in your property that acts like a credit card, is called a home equity line of credit (HELOC). The interest rates on these lines of credit are much lower than the average credit card interest rate. A home equity loan is another practical way to withdraw only the amount of funds needed at any given time and make payments based upon the amount just borrowed. We specialize in all credit types: good credit, poor credit, bad credit or even people with a bankruptcy on their credit file.

A home equity loan or second mortgage can provide you with one of the best forms of financing available today — a home equity loan is a great solution for many people as it allows you to borrow up to 125% of the value of your home.

Don't wait. Apply today.

	FHA Loans

FHA loans allow borrowers to purchase a home with only 3% down payment (or sometimes less) or refinance their current mortgage up to 97% of their home's value.

FHA stands for the Federal Housing Administration. It was developed by the government to stimulate the housing market when interest rates were high and activity was low. Today, the FHA merely facilitates the insuring of loans for lenders who want to help people with little available cash.

In addition, FHA loans require absolutely no credit history to qualify. Generally, you can qualify for an FHA loan with only 3% down. Moreover, this money can be given as a gift from someone in your immediate family, or even from a special non-profit program which "donates" your entire down payment. Certain restrictions apply. Contact FHA for information.

FHA operates under the control of the Department of Housing and Urban Development (HUD) and has the primary responsibility for administering the government home loan insurance program. This program allows buyers, who might otherwise not qualify for a conventional home loan, to qualify as the lender's risk is substantially reduced.

If you would like more information or to find out if you qualify for a FHA loan, please fill out our application to get the process started. Submitting an application in no way obligates you and is completely free. Apply today!

Visit the U.S. Department of Housing and Urban Development website for more information.

	VA Home Loans - VA Mortgages

The process for obtaining a VA loan has recently become easier for military veterans. In fact, because these loans require no down payment and typically offer lower interest rates, they are especially in demand.

Aside from the required "Veteran's Certificate of Eligibility" (see below) and the VA-assigned appraisal, the application process is not much different than any other type of loan.

Additionally, if the lender is approved under VA's Lender Appraisal Processing Program (LAPP), they can issue a loan based upon an appraisal review only. This process can also expedite the time to loan closing.

Find out if you qualify - apply today!

General Rules for Eligibility for a VA Loan

Click here for more information.

	Home Improvement Loan

Most homeowners consider making home improvements for many different reasons including, but not limited to:

• The need to update the out-of-date. If your kitchen cabinets remind you of the good old days of yore, now may be the time to bring it current.

• Replacing fixtures and/or appliances. Sometimes a home improvement project grows out of an immediate need to replace a broken fixture. If the sink, tub or toilet has to be replaced, many people take the opportunity to redesign the entire bathroom.

• Selling your home. Home improvement projects will help ensure a quick sale and help you get top dollar on the price.

• Your family has grown and your home needs to grow with it.

Find out the rates and terms available for home improvement loans. There is no fee to apply and no obligation, so apply today.