Bad Credit Mortgage Lender - 100% Loan - Refinance Mortgages -
VA, FHA
Bridge is a bad credit mortgage lender that provides 100% home loan refinancing countrywide with, VA refinance mortgages, FHA refinance loans, no cost home loans. With ten years of experience as a mortgage lender, we offer the lowest 30-year fixed mortgage rates online. Choose from FHA, VA, conventional mortgages and debt consolidation for good people with a questionable credit scores. Apply Now! We offer prime and sub-prime home loans, but our mission is to find a home loan for everyone regardless of their good or bad credit history.
Get Approved for a 30-Year Fixed Mortgage Rates Starting at 4.25%
Since the mortgage-meltdown, bad credit mortgages can be difficult to find, but Bridge continues to deliver affordable home loan programs and refinance mortgages with liberal guidelines for credit and equity requirements. Home loan rates are at record lows so save some money with one of our no cost home loans. Home refinance loans have become very popular again in 2010 as interest rates have dropped below 5%. Credit requirements have increased a bit over the last few years, but there are many loan relief programs that may help you accomplish your home loan refinance goals. Now is a great time to refinance your bad mortgage into a great fixed rate loan that you can afford. For many distressed homeowners, the FHA refinance loan may be the home refinancing solution borrowers need. Consumers enjoy the lower monthly payments and the credit flexibility that government underwriting extends to people with less than perfect credit.
Home Refinance Loans - Bad Credit Refinancing - Equity Loan Options
We are a nationally distinguished full service mortgage lender with several decades of financial experience with Fannie Mae conventional home loans, poor credit refinancing, FHA purchase transactions and home equity loans. Bridge understands that consumers in most towns have suffered setbacks with employment, interest rate adjustments, late payments and low credit scores. That is why our bad credit mortgage loans were designed to be forgiving enough to qualify for but maintain competitive pricing so people would have the ability to make their mortgage payment each month. Mortgage bankers and mortgages should consider migrating from direct mail advertising to internet marketing for cost effective mortgage leads.
Should I Refinance?
Equity Loan or Refinance?
Refinancing your home can save you money, but consider both sides before committing to a new loan. Review your mortgage options with a trusted lender on a regular basis so that you are comfortable knowing you have the best possible rate at all times. Home refinance rates fell to record levels, so the affordability factor is strong. Refinancing programs change all the time, so even if you were turned down previously doesn’t mean you won't be approved for one of the new refinance programs.
What type of mortgage refinance do you qualify for? Conventional, FHA or Sub-Prime home loans? For example, if you have bad credit, a FHA home loan should be considered because they feature a low interest rate.
Consider answering the following 4 questions below before rushing into home refinancing.
1. How long do you plan on staying at your current residence? If you plan on staying there for a while, a 30-year fixed rate mortgage is recommended.
2. Do you need to consolidate any consumer debt like credit cards or personal loans because the payments are adjusting with high rates?
3. Will this new home refinance loan reduce your mortgage payments monthly without adding years on your loan?
4. Home refinance rates are at 50-year lows, so get approved for a low rate loan today!
Both home equity and refinance Loans can be very pragmatic tools for homeowners who consolidate variable interest rate debt. In some cases, borrowers can actually convert their bad credit debts into a positive trade line that could increase your poor credit score.
Most people take out home equity loans because they are efficient methods for raising capital for home improvement financing and refinancing personal bills that have high interest rates.
In most cases you need good credit for second mortgages, but Bridge still offers a few bad credit home equity loans to qualified borrowers. We suggest that you learn your credit scores before shopping lenders online.
Interest rates are higher with equity loans than with first mortgage loans and refinancing will actually require less equity than the second mortgages demand. Home equity credit lines and closed end home equity loans are very difficult to qualify for in this credit crunch era.
Some people may need to refinance their mortgage to get cash out especially if you have no equity or your first mortgage is under-water.
HUD has expanded many of the FHA refinancing products that benefit thousands of homeowners who have virtually no equity left as property values declining so much in recent years.
Most likely by know you realize the potential savings from refinancing your credit obligations into a loan with a 30-year fixed interest rate, but there are additional tax incentives to consider. The IRS allows homeowners to deduct interest with 1st mortgages 100%. Talk to a tax advisor about tax deductibility. However homeowners taking out a home equity loan may be limited to tax deduction for home equity interest up to $100,000.
Refinance Bad Credit with FHA Mortgages, No Equity Loans or VA Refinancing
Bridge is one of the only VA mortgage lenders who offers a 100% mortgage at no cost. No closing cost mortgage options are available to qualified borrowers so discuss your eligibility with your loan officer.
Recent Home Mortgage News
The Obama administration has implemented several bail-out packages that target homeowner relief, with refinancing, loan restructuring and in some cases, debt forgiveness. In 2010 Congress kept the 2010 FHA loan limits at the 2009 levels but the home purchase refinance guidelines tightened significantly.
Home Loan Rates Declined to Record Levels in 2010
The Federal Reserve renewed his commitment to discounted interest rates as the fears of a double-dip recession persist. With high unemployment nationally, you can expect home mortgage rates to remain extremely low in 2011 and possibly 2012.
The second mortgage market has nearly come to a halt. Most mortgage lenders and banks are not offering any home equity loans above 80%, but we work with equity loan lenders that still offer cash out to 90%. In lieu of the equity line opportunity most homeowners have gone back to getting cash the old fashioned way, with first mortgage refinancing. Many of our FHA refinance mortgages allow cash back from eighty five to ninety five percent Loan-to-Value (LTV).
If you are delinquent on your mortgage more than a few months, you may still be eligible for the Hope for Homeowners which is a refinance loan insured by FHA. Otherwise consider several foreclosure prevention opportunities with loan modification programs that have become very popular with homeowners seeking an alternative to refinancing.
If you are unable to qualify for a traditional debt consolidation or a second mortgage, consider credit card debt settlement because there are law firms that specialize in debt relief that could help you eliminate your unsecured debt, saving up to 50% with the negotiated settlements.
Company History of Bridge Mortgages
In the spring of 2000, We opened another branch in San Diego, California. Our company continues to expand with new branches in Alabama, Arizona, Nevada, Oregon, Louisiana, Washington, Colorado, Texas, Ohio, Maryland, Minnesota, Pennsylvania, Virginia and Florida in order to meet the growing Home Refinancing demand for local markets.
Over the years, Bridge has emerged into a popular mortgage lender leading the industry with market niches in government FHA loans, sub-prime mortgage, Alt A, and home equity loan programs. We are an approved mortgage lender that is authorized to originate first and second mortgage loans in most states.
Bridge Mortgages can help you with Refinance, Purchase or Qualify to Get Cash Back by Refinancing or taking out a new home equity loans.
Our company is dedicated to superior home refinance loan and purchase products. Our loan officers and mortgage processors make it their mission to always offer friendly customer service.
Our lenders have automated the loan process making it easy for borrowers to get approved quickly online. Bridge is a government approved lender offering low rate FHA and VA mortgage loans.
For borrowers who need concurrent refinancing, check out preferred lending partner, who provides combination mortgage refinance options that include 90 to 100% prime and FHA home mortgages.
Mortgage Refinancing - Great idea for 1st-time home-buyers. Bridge Mortgages offers 100% home refinancing to $650,000 for VA loans and 97% for FHA mortgages up to $729,750 in applicable counties. Refinancing is an effective method for rolling all your credit card and variable interest debts into your mortgage can save you thousands of dollars! There is no mortgage insurance required, but certain loan limits do apply.
Jumbo Home Loans - You can finance homes with jumbo mortgages from $417,000 up to $2,000,000 and still qualify for a competitive low rate that works within your budget. Ask a Bridge loan officer about the special rates that may be available for non-conforming and jumbo home loans in your state.
125% Mortgage - The 125% loan program is not available today. Not long ago, these loans were available to borrowers with excellent credit and high disposable income. The 125 loan program remains suspended, at least until the housing market corrects itself and lenders become more comfortable with the stability of home values. Ask you loan officer about your eligibility with the Home Affordable Refinance Program that enables borrowers to refinance their under-water 1st mortgages up to 125% if Fannie Mae or Freddie Mac own the mortgage note and the borrower meets the outlined criteria.
VA Home Purchase Loans to 100% - Preserve your cash-flow. Veterans can finance the cost of buying the house and keep your money in the bank, because VA financing enables first time homebuyers to qualify for no money down loans. 100% financing is a reality with military financing that is guaranteed by the Department of Veteran Affairs. VA mortgage rates fell to 4.125% for qualified veterans seeking a fixed 30-year term.
FHA Mortgage Refinancing for Poor Credit - Financing is available for borrowers that have at least 500 credit scores. In some cases, we can assist people with financing just one day out of Bankruptcy. Homeowners that are strapped with credit card debt or an adjustable rate mortgage should take advantage of these opportunities that could ensure thirty years of affordable loan payments. We continue to offer several bad credit mortgage options but we recommend fixed mortgage rate loans because of the unsteady economy and potential for rising interest rates in the near future. HUD announced another Obama bail-out loan called the FHA short refinance program. This is unique because the lender actually writes down the mortgage so it is considered a principal reduction.
Conventional Home Loans - Traditional mortgage lenders provide home loans that meet the Fannie Mae or Freddie Mac conforming guidelines for residential lending. Unfortunately most conventional lenders require significantly more for the down-payment when consumers are looking to purchase a new home. Stated income loans are no longer permitted with agency programs.
For more loan information about our guidelines for bad credit mortgages, prime rate home loans and home equity loans and interest rates, please visit our Mortgage Loan Overview.
Stay up to date with current mortgage industry news: We can help you manage your home finances wisely. Find the right debt consolidation solution for saving you money!
FHA Home Purchase Loans – 1st time homebuyers and existing homeowners can utilize FHA for home mortgages with only 3% down.
Want To Consolidate Credit Card Debt? Interest rates for credit cards have soared in recent years so we suggest refinancing adjustable rate credit with a loan that carries a fixed rate.
*All home loan rates, pricing, underwriting requirements and other requirements subject to change at any time without notice. Bad credit home loans, FHA mortgages, conforming and jumbo loans are subject to lender approval from a certified underwriter. Certain loan restrictions may apply. Actual home mortgage rates may vary based on credit scores and market conditions. ** The initial variable rate may increase after the fixed rate period and is available on a loan to purchase or refinance owner-occupied, single family residence homes only. Site Map
Check out the latest Refinance Loan Programs Available for:
* Non-Conforming Jumbo Home Loans
* Streamline Refinancing
* VA Refinancing
* 100% Loan Refinance
* Low Rate ARM Home Loans * Conventional Adjustable Rate Loans
* No Money Down Mortgage
* Variable Rate Second Mortgages
* Bad Credit / Bankruptcy Refinance
Debt consolidation is a loosely used term today, but homeowners truly have distinctive opportunities to save money when consolidating bills, home mortgages and consumer loans than non-homeowners have with unsecured loans.
2010 Conventional Loan Limits from Fannie Mae Home Mortgage Limits
Limits effective January 1, 2008:
One-family loans: $417,000
Two-family loans: $533,850
Three-family loans: $645,300
Four-family loans: $801,950
Stay up to date with the latest Cash Out Loans Available for:
* Cash Out Equity Loan Refinancing
* FHA Secure Mortgage
* Home Improvement Loans
* Home Equity Credit Lines
* Interest Only Home Equity
* Cash Back Refinance
* Sub Prime Line of Credit
VA Home Mortgage Loans
Most veterans are eligible for a VA mortgage loan. Credit scores and income requirements are more flexible VA mortgages than with conventional home loans.
Zero Down required
No Mortgage Insurance
100% Refinancing
Loan amounts up to $700,000
No Credit Home Loan
No Money Mortgage
Bridge Mortgages
225 West 34th Street Ste 900
New York, NY 10122
