What is a bad credit second (2nd) mortgage home loan?
• Get cash right now: A poor credit second mortgage gives people with bad credit cash now. This cash can be used for any purpose: home repairs, home improvement, finance a new car, money for vacation etc • Reduce the interest payments from other loans: Since a bad credit second mortgage loan can be procured at a lower interest rate than a credit card loan or a car loan it makes sense to go for it. Instead of applying for a car loan or credit card loan just get a second mortgage and use that money for whatever. By getting a second mortgage people with poor credit can avoid high interest rate loans up to a certain limit. • Debt Consolidation: People with bad credit may be behind on car loans, credit card loans, utility bills etc. By getting a bad credit second mortgage they are able to reduce their payments into one lump sum second mortgage payment at a lower interest rate instead of paying many small loan payments at a higher interest rate. • Tax Advantages: Interests payment on poor cr
