Getting a Bad Credit Home Equity Loan Valley Stream NY

While getting a home equity loan in Valley Stream with bad credit is not always easy there are lenders that specialize in doing this type of loan. These bad credit lenders are more interested in your ability to pay back the loan then anything else. A bad credit score works against you but does not keep you from getting the loan you need.

Local Companies

Capital One
516-437-4201
170 Tulip Ave
Floral Park, NY
Allstate Insurance Alex S. Ilyaev
(718)714-6660
2847 W 8th St
Brooklyn, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Central Mortgage Company
(631)421-3800
200 Broadhollow Road
MELVILLE, NY
Chase Bank
(718) 478-1503
3770 82nd St
Jackson Heights, NY
Bank of America - Greenpoint
718.389.3457
826 Manhattan Avenue
Brooklyn, NY
Olympia Funding Inc.
(516)478-4106
265 Post Avenue Suite 240
Westbury, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Global Home Loan & Finance
(800)615-2212
2 Rector Street 13th Floor
NEW YORK, NY
Data Provided by:
    

Provided By:

Getting a Bad Credit Home Equity Loan

Author: Andrew Bicknell

While getting a home equity loan with bad credit is not always easy there are lenders that specialize in doing this type of loan. These bad credit lenders are more interested in your ability to pay back the loan then anything else. A bad credit score works against you but does not keep you from getting the loan you need. By using the Fico Method a bad credit lender is able to evaluate your ability to pay back the loan.

You will need a fico score of 500 or higher before a lender will start the home equity loan process. If you do not meet this requirement it is best to talk with a bank loan officer who will evaluate your bad credit problem. The terms of a bad credit loan will depend on your credit history and the reasons you currently have a low fico score.

While your options may be less then those with a better credit score having bad credit does not mean that your will not be able to negotiate terms that will work for you. The lenders who specialize in bad credit home equity loans will work with you to give you the best loan terms they can depending on your circumstances. They are there to help and will give you good service.

Be sure to look at more then one lender as this will give you a better chance of finding the best deal. Signing up with the first lender your try is not a good idea. The first lender may have the best deal for you but you will never know if you don’t shop around. Also be careful hen it comes to the collateral you offer for the loan. Remember, if you default on the loan not only will you lose your house but anything else you have put up as collateral. Make sure to study all the offers made and choose the one that works best for you. Now is not the time to enter into another loan that could turn into a bad debt which will further diminish your credit score.

Finding and applying for a bad credit home equity loan is easier these days then in the past. By using the internet you can research all your options and even apply for loans right online. You may even find out the same day if you have been approved or not.

Getting a bad credit home equity loan is a good way to start building your credit score back up, but it pays to be careful. The internet is a great way to find out everything you need to start on the road to credit recovery.


About the Author:

To learn more about the getting a bad credit home equity loan please visit the website Home-Equity-Loans.

Article Source: http://www.articlesbase.com/mortgage-articles/getting-a-bad-credit-home-equity-loan-931546.html

Related Articles
- Bad Credit History Loans Valley Stream NY
Bad credit history may attach to your credit record due to arrears, defaults, bankruptcy, CCJs, IVA, etc. For such people the loan market has unfolded an unbelievable loan deals. The reason behind such initiative is the change in market trend that sees such bad credit holders with a friendly attitude. Here lenders come with special packages for bad credit holders in name of bad credit history loans.
- How To Choose Loans Valley Stream NY
- Financing College Studies with Home Equity Valley Stream NY
- Refinancing Home Mortgage Valley Stream NY
- Home Improvement Loan Valley Stream NY
- Getting an Online Home Equity Loan Valley Stream NY
- Unsecured Personal Loans Valley Stream NY
- Home Mortgages Valley Stream NY
- Debt Consolidation Loans Valley Stream NY