Construction Loan
Now, you can begin and complete all the projects you have been putting off for so long. Finally, you and your family can enjoy the home improvements you deserve.
With some lenders, everything about you - your income, cash reserves, debt ratio, credit history - has got to be solid gold. If the amount you owe on loans, credit cards and other debt is higher than a certain percentage of your income - forget it. If you've had any blemishes on your credit - no deal! If they don't see perfection, you won't see money.
At Loan Source, we're different. No two people are alike, so we figure it's our job to understand your individual situation as clearly as you do. If you have less-than-perfect credit, we're still willing to talk with you. If your monthly bills are higher than you'd like or an account is in collection, we can work with that. Even if you've had a bankruptcy or been late on your mortgage in the past, we'll make our decision based upon the total picture.
Your home, with or without equity, can provide you with the cash you need, simply and economically. Whether for debt consolidation, home improvements, or any other important reason, an equity or no equity loan from Loan Source can be the answer. And if you have a higher-rate first mortgage, refinancing can also save you money by lowering your monthly payment.
2nd Mortgage Loan Features
- Make the home improvements of your dreams!
- Obtain extra cash for other needs
- Tax benefits of home ownership (Consult a tax professional)
- Pay off high-interest rate credit cards
- Lower your monthly debt payment
