New lenders available to proceed your applications at lowest rates. Any credit accepted!
A refinance mortgage calculator added per our customers requests to figure out whether refinancing is right for you.
New, extremely low rates are offered by our lenders! Now a great rate is possible for any credit! Please complete our online loan application and check it out!
Security is improved on our refinance application and now you don't need to supply us with your SSN.
Bad Credit Home Loans
We also specialize in bad credit mortgages, refinance, home loans and injured credit situations, we have a variety of programs that are available offering same day approval.
Purchasing your home is one of the biggest decisions in life. If you are considering buying a home or simply buying another property for investment purposes in California, we can work with you.
Buying real estate is a win win situation. The ability to own your home and do whatever you want to it is great. We additionally specialize in working with investors who are looking to expand there current portfolio and expand their assets in many states.
We have a variety of loan programs that allow you to borrow from one of the properties that you own to buy another one.
We have programs that allow you to finance 95% of the purchase price, programs that allow you no-income verification with a larger down payment, which especially helps when you are self employed.
Why refinance? The lower the rate, the less it costs you for the money that you borrow. As a general rule, if the interest rate is 1 1/2 points lower than what you are currently paying, it's time to refinance. However, something to consider is the length of time that you plan to own your residence. You want to be certain that the cost to refinance will be recovered over the remaining term of the loan; that is, not the number of years left on your current mortgage loan, but the remaining number of years you intend to own the property.
Although your monthly savings may be substantial, you will incur some closing costs. Typically you can count on up to 1-2% of the new loan amount in closing fees in addition to title insurance. Your lender will estimate your closing costs for you. To justify refinancing, your closing costs must be recovered over the life of the new loan. By dividing the closing cost by the number of months you plan to own your home and add the result to the new monthly principal and interest payment you will determine if you "break even". If the resulting amount is less than your current mortgage payment, it is time to refinance.
You may also consider taking "cash-out" to payoff other debts or to invest. In this case you will need to determine that the cost to refinance is worthwhile in order to payoff those debts or invest in other markets. Consider not only the closing costs associated with refinancing, but the points you will pay for a lower rate and funds associated with paying off your existing loan.
Ask one of our loan consultants to compare your expenses for various loan programs. In most cases you will be eligible for differing loan programs so be sure to consider all of your options.
Our 1st Bad Credit Home Loans Products Include: