Question:

Can I take a real estate second mortgage with credit score below 500?

Answer:

Yes, you can.

Bad credit real estate second mortgage loans are for people whose credit score has dropped below 500 for some reason, but they have built considerable equity. Only a bad credit lender would agree to finance a subprime real estate second mortgage.

Real estate second mortgage loans can be best located online. Run a preapproval with a bad second mortgage lender but refrain from disclosing sensitive information at this stage. Before deciding to go with a particular lender, it will be wise to ask for credentials and appropriate registration with accredited third party institution.

Usually, a bad credit real estate second mortgage quote can be obtained for free, with no obligations to the lender.

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