Sub-Prime Equity Loans

The Home Loan Magician offers sub-prime equity loans for borrowers with bad credit scores seeking home equity loans for cash out refinancing or debt consolidation. If you have enough equity in your home, borrowers can consolidate bills and pay off late 2nd mortgage payments, over-drawn credit cards and unpaid collections.

Benefits from Home Equity Loans: Borrow 60-100% of your home's value Refinance credit card interest to a fixed rate Consolidate adjustable rate 2nd mortgages and HELOC's Get cash quickly for preventing foreclosures Finance a Bankruptcy Bail Out Get funds for Home Construction

When you have debts that are past due and your credit scores are slipping the timing for a sub-prime home equity loan could not be better. The longer you wait to refinance these debts the worse your credit score gets. You need to consolidate your credit and one of the best ways to pay off debt is with a home equity loan. If you have lived in your home for a few years there is a good chance that you have earned enough equity to qualify for an equity loan that will fix the interest rates of your debts and wrap them into one payment with tax deductible interest.