Contrary to popular belief - having a low credit score is not the end of the world. The internet has reduced the cost of getting a loan and has made lenders more competitive with their loan products and interest rates. If you need to refinance your home, you can get a Cash out refinance loan, Home equity loan or
HELOC (line of credit) or Debt consolidation loan.
APPLY Now - quick 2 Minute application.
No Fees! No Obligation. Credit scores of 550 & up - qualify.
Whether you live in Chattanooga, Knoxville, Memphis, Nashville or a small town in Tennessee, you can get a loan.
Your application will be matched to loan products that meets your needs. You will be able compare loan quotes and choose the best loan for your specific situation.
Tennessee Bad Credit Home Equity, Consolidation & HELOC - Up to 125% Equity
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Approximately 72.4% of all Tennessee residents own a home. This exceeds the national average 64%! In addition, homeowners in Tennessee have 7% or more equity in their homes that can be used for debt consolidation, home improvement projects, education financing, etc.
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What is a 125% Home Equity Loan? A 125% home equity loan allows you to maximize the amount of take-home cash that you can get out of the refinance process. If your home is worth $125,000 and you still owe $120,000 - a 125% refinance loan will net you an equity loan of $36,250 (($125,000*125%))-120,000).
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| Tennessee Home Prices |
| Area | Median Price |
| Knoxville, TN | $153,500 |
| Memphis, TN | $145,300 |
| Nashville - Davidson - Murfreesboro, TN | No Data |
| * National Association of Realtors - 2006 3rd quarter. |
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Tennessee bad credit mortage refinance Loans, Tennessee bad credit 125% HELOC loans, Tennessee bad credit 125% home equity loans and Tennessee bad credit cash out refinance loans offered in:
Chattanooga, TN
Knoxville, TN
Memphis, TN
Nashville, TN