Bad Credit Home Loans

Home Loan Magician specializes in bad credit loans with offers for hard money refinancing, home equity and FHA purchase loans .

Mortgage companies are not all alike. It means that we make the loan application process as easy and painless as possible; we are happy to spend time answering ALL of your questions rather than rushing you through the loan process; we will NOT pressure you into making a decision, or steer you toward a loan product that pays a higher commission than the loan program you prefer; we will do whatever it takes to close your loan quickly at the interest rate you were quoted and with no surprise fees. In return, all we ask is that you refer your family, friends and co-workers to Home Loan Magician so that we can give them the same level of personalized service.

Bad Credit Home Loan Benefits: Loan Approvals allow low credit scores Borrowers with poor credit can finance a home High Interest Rates can be refinanced Bad credit scores can become good scores with timely mortgage payments

Bad Credit Home Loans Harder to Find but Still Available

Sub-prime pessimists are starting to come out and wave their fingers again. They've been encouraged by the recent mortgage market failures, along with signs that lenders are running out of money to throw at buyouts.

Could the era of quick and easy credit be eroding?

Private mortgage markets haven't lost bad credit mortgage loan programs. But the loan programs for most lenders are tightening significantly. The recent losses in the U.S. sub-prime home loan market are projected to top $100 billion. That is enough to sink a midsize financial institution or two. And the property losses could be much larger if house prices continue to tumble. The financing sector continues to look more challenging. Bond yields are rising and central bankers are more concerned about inflation than they have been for years. The combination makes it less likely that interest rates decline and rescue of the increasing number of troubled borrowers.