Getting a Home Equity Loan With Bad Credit
FL Hard Money Network | Brooksville Mortgage With Bad Credit
Getting a home equity loan in Florida is getting harder and harder. Conventional banks take forever to approve a loan, and you can wait weeks only to find out you have been rejected. In addition, credit levels previously considered acceptable for conventional loans are now rejected. So if you have a 700 credit rating and a home you own free and clear, you might not be able to get a conventional home equity loan. Here is where AHL Hard Money Network can help you.
Our hard money investors are not looking at your income, credit rating, liens or judgments, self-employment, or previous foreclosures. They are looking instead to secure your loan with the equity you already have in your property. What types of properties are acceptable to our investors? Surprisingly, a lot:
- Vacation home
- Owner-occupied home
- Manufactured homes with land not in mobile home communities
- Log cabins
- Modular homes
- Any type of real estate in good condition
AHL Hard Money Network has a group of hundreds of investors ready and willing to offer you 55 to 60 percent of the property’s value. We look at investing in all cities and counties in Florida. We won’t take weeks or months to qualify your loan — we can often give you a decision within 24 hours of obtaining the information we need about your property. In many cases, we won’t even require an appraisal of the existing property. It doesn’t matter if your credit is good, bad, or none, we look at equity to secure our investments.
What can you do with a home equity loan from AHL Hard Money Network?
- Purchase another property
- Home improvement
- Pay taxes
- Use that equity to invest in something else
- Debt consolidation
- Any other uses you can think of
Don’t be held hostage by commercial lenders who put up barriers to you getting the equity out of your home or other property. Contact AHL Hard Money Network today and connect with our investors who are waiting to lend you the money you need.