Bad Credit Score Home Loans

You can still get a decent fixed rate on your home mortgage even if you have less-than-perfect credit with your choice of loans from the Home Loan Magician. Choose from Hard Money, FHA home loans and sub-prime home mortgages designed for borrowers with low credit scores. If you have compensating factors, like a good job or significant equity then there is a good chance we will be able to find a bad credit lender who will approve you for a home loan.

Mortgage Lending Hard Money Home Equity Loans Interest Only Home Loans Non-Prime 2nd Mortgages Fixed Rate Home Refinancing Foreclosure Prevention Loans

Home mortgages can be costly, but with Home Loan Magician we will show you how to keep your money in your pocket with our low cost loans that allow borrowers to finance their fees. But loans can be even more costly when your fico score is low as you may end up being charged a higher mortgage rate for a subprime home loan.

Hard Money Home Loans Jumbo Home Mortgages Home Equity Loans Option ARM Home Loans Debt Consolidation Refinancing

Home equity loans have come back in style with the recent mortgage rate hikes that have many borrowers reconsidering refinancing their entire home mortgage. Many borrowers are opting to refinance their line of credit from their 80-20 purchase loans. While revising their credit line with a fixed rate home equity loan, many homeowners have gotten wise by refinancing their high rate consumer loans at the same time. Choose from our magic 2nd mortgages to our home equity loan reward programs that do not charge any points for returning clients. For more information from our premier lending associate please visit Nationwide Mortgages for home equity credit line rates.

FHA Home Loans
These legendary government loans offer affordable loan payments for borrowers hindered by bad credit. It's important to understand what an FHA home mortgage is. Believe it or not, the Federal Housing Administration is not a mortgage lender. Rather it is a federal government agency that guarantees home loans by private lenders, making home mortgages available to borrowers who may have a difficult time qualifying, often because of a lack of credit history or poor credit scores.

Reverse Home Mortgages Negative Amortization Loans Hybrid ARM Home Financing Bankruptcy Home Refinance

Cost of Homeownership
First-time home buyers typically are most concerned with their monthly mortgage payments. Homeowners are usually concerned about the hard loan costs associated with financing a home. It is imperative that homeowners create a financial budget with a five and ten year outlook.

Owning real estate also entails new expenses as well. Here are some of the items that belong in a typical household budget: Local Property Taxes Home Owners Insurance Earthquake Insurance Home Repairs and Maintenance Home Owners Association Dues

Home Loan Magician Testimonials

"Thanks to your team I was able to save my house from a foreclosure. I was in payment default and fortunately you showed me how to make my equity work for me. Even though my credit scores are unbearable, you figured out how to get me approved for refinancing ." - Jarrod B., Atlanta, Georgia

"I was treated like a celebrity when I first called and the excellent customer service continued every step of the process. I received my funding check today and my family appreciates your high level of professionalism that made me comfortable getting a home loan online." - Maureen H., Oakland California