Home Loan Assistance in Miami, Florida
Taking advantage of the equity built up in your Miami, Florida home may help you obtain the cash you need to pay down, pay off or consolidate your debts, lower your monthly payments and restore your credit.
Credit is critical to the national economy as well as your household economy. Credit has become an important part of all phases of today's life and its importance continues to grow. The importance of credit cannot be overemphasized. If used wisely, it can help make dreams come true. But be aware: if credit is used unwisely, it could seriously affect your ability to qualify for more credit in the future.
If damaged credit is negatively affecting your life, it's the time to take advantage of the equity built up in your Miami home, and DifficultHomeLoans.com can help. We have developed a comprehensive credit repair, financial counseling and mortgage lending program designed to help what is commonly referred to as a 'sub-prime' borrower, get the home loan they need to get back on track again.
According to the U.S. Department of Housing and Urban Development (HUD), from 1993 to 1998, the number of sub-prime home refinancing loans increased 10 fold to more than 790,000. In 1993, the sub-prime share of the overall mortgage market represented $20 billion. In five years, this volume multiplied more than seven times to $150 billion.
This proves that by providing loans to borrowers who do not meet the credit standards for borrowers in the prime market, sub-prime lending serves a critical role in the nation's economy. After all, although these borrowers may have blemishes in their credit record, insufficient credit history or non-traditional credit sources, through the sub-prime loan market, they can buy a new home, improve their existing home, or refinance their mortgage to increase their cash on hand.
So this growth in sub-prime is great news for you, the borrower who is faced with few borrowing alternatives to clean up their credit and rebuild their lives.
Please CLICK HERE so that we can begin helping you.