California & Florida Bad Credit Home Mortgage Loans & Equity Lenders

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BAD CREDIT LOAN ARTICLE #1

BAD CREDIT LOAN INFORMATION

Bad credit loans are typically reserved for borrowers who have a sub 512 credit score. It used to be that "bad credit" was an anomaly, a dead end street for borrowers. It is now estimated that 1 in 5 Americans is considered to be in the bad credit home loan category. While bad credit mortgage loans carry relatively high interest rates, they may be structured to provide borrowers with effective long term strategies for rebuilding credit and obtaining traditional mortgage loan rates. That is, once the loan term on your bad credit mortgage loan has expired, you will, with diligent work, have raised your credit score and will now be eligible for a better interest rate once you refinance.

HOW DO BAD CREDIT HOME LOANS DIFFER FROM TRADITIONAL LOANS?

Traditional loans may be taken out with little or no money down, especially in states such as California, Florida and Colorado where home prices are high. Bad credit loans are typically secured with existing equity in real estate, with most lenders requiring at least 25% after closing costs. In rare cases, a lender is willing to extend an unsecured bad credit loan that does not require equity or security against the loan. Also, see out Florida bad credit loan page.

PREQUALIFYING FOR A CALIFORNIA BAD CREDIT LOAN

Pre-qualifying with top bad credit mortgage loan lenders is quick and easy. Simply fill out our 2 minute loan application and one of our lending affiliates will contact you for additional financial information.

BAD CREDIT LENDER ARTICLE #2

California Bad Credit Mortgage Lender

If you have had credit problems due to damaged or bad credit along with a lower than normal FICO score, you may need to obtain a hard money or poor credit home loan. At Bad Credit Lender, we provide California loans to individuals with past, recent, or current credit issues so they can rebuild their credit and eventually refinance to a more traditional type loan. Our California bad credit lenders work exclusively with borrowers who have sub par or bad credit in order to find the best loan for their situation. Bad Credit Lender wants to help our borrowers get into a hard money loan for, ideally, 12 or 18 months -- during which time they can repair their bad credit. Once the bad credit and FICO score has been raised, we will help you get into a subprime loan.

Are You Eligible for a California Bad Credit Loan?

To find out whether you qualify for a California Bad Credit Loan, simply fill out our 2 minute bad credit mortgage application. Once you submit the poorcredit loan application, your application will be sent to up to 4 top mortgage companies who will typically contact you with 48 hours to tell you whether you qualify for a bad credit refinance mortgage loan.