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We own our home out right but need a loan to pay a bill, we also have bad credit, is this possible?

by tottoq8326 from , California. Aug 9th 2013 Reply


Yes, call me at 949-689-0857 I will advise you what your options are.

Aug 9th 2013
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Blake Kleckner (BlakeK)
#387 ranked lender in California - 259 contributions

It depends upon many factors, one of which is your FICO score. However, even with bad credit it;s very possible for you to get a loan. How much are you needing to pay the bill, and what do you think the value of your home is? Give me a call 16/7, or email me your phone number so I can call you, and I'll be happy to walk you through the process. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 42 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.

Aug 9th 2013
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John Moran (TheHomeMortgagePro)
#8 ranked lender in Arizona - 661 contributions

Bad credit makes a new home loan pretty difficult. Most lenders won't work with someone who's credit is below 620. Some hard money lenders may work with borrowers at that level, but at a steep price.

Aug 10th 2013
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Smita Patel (broker246)
#450 ranked lender in California - 2 contributions

Bad Credit may make getting a loan difficult but not necessarily impossible. Qualification for a loan depends on a lot of factors besides the credit score. I have worked with borrowers who had "bad credit" but still were able to qualify for a loan based on other factors, let's talk, I may have a solution for you. My contact details are available by clicking on my name.

Aug 10th 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,993 contributions

Bad credit? Realistically, anything is possible, but when you have bad credit, you are telling any potential lender that you are not responsible, and are unlikely to successfully repay the loan. Because of this, lenders are scared to lend. It just isn't worth the risk. Of course not everyone has bad credit because they the are not responsible - life happens. But everyone with credit challenges needs to be aware of how it effects everything in life, and should work on fixing the issue as soon as possible so when things like this pop up, you are able to deal with them. Contact a local mortgage broker to see if you have any options... Good luck!

Aug 11th 2013
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Josh Lund (Josh_Lund)
#46 ranked lender in Minnesota - 113 contributions

Depends on the lender. Contact a local lender and see if you have any options!

Aug 12th 2013
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Jonathan Rhode (jrhode)
#182 ranked lender in California - 130 contributions

If both of you are 62 years of age or older a Reverse mortgage would be an option for you. Please feel free to contact me at 800-504-5949

Aug 12th 2013
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Jason Vondrak (jvondrak)
#217 ranked lender in California - 1,741 contributions

Bad credit will make it more difficult to find financing and if you do, you will likely have to pay a higher interest rate. We would have to look at more specifics to determine if you would qualify. We are a brokerage located in San Diego and licensed throughout the entire state of California - feel free to give us a call at 858-605-0952 to go over your situation in detail and to determine if you will qualify.

Aug 12th 2013
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