I only just bought my house 3 months ago i enjoy discouraging credit and am need a second mortgage is that possible?
Answers:
it depends on what your idea of "bad" credit is, and also how much equity you have within the home. Some lenders don't have "seasoning" on how long you have to own the home in the past you can get a second mortgage but some do. Have you done any improvements (substantial) that would add helpfulness to the house above what you purchased it for? That may make a difference also.
Depending on the situation, another option to budge may be to do a government loan, or FHA. Unless you have a hefty prepay cost (which you may depending on your state and lender) you may be able to refi the entire amount into an FHA loan and get a touch more cash out if it's for improvements.
If you need any more info agree to me know, and good luck!
The question is do you have equity within your house. If you have substantial equity on the property you should still be able to acquire a loan.
Yes. http://index-go.com/bad-credit-finance-m… Source(s): http://cleancredit365.com
How bad is fruitless? How soon do you need it done? Do you have an equity contained by your home to take money out? Source(s): www.LVLOANSTORE.com
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