allJesse helped us to use the equity in our home to do some landscaping, build a fence and pay for our daughter's education. Even with a very low credit scores, he was able to give us a good mortgage rate. After 2 years our credit had improved and Jesse got us approved with a traditional bank and got us the lowest 5 year fixed rate in Canada. We are very impressed with his knowledge and services.
Home Refinance with No Credit in Saint John, NB: Understanding Your Options
If you are a homeowner in Saint John, NB, and are looking to refinance your home, but have no credit, you may be wondering what options are available to you. The good news is that you do have options, and with the help of our mortgage firm, you can take advantage of the equity in your home to get the cash you need. In this article, we will discuss home equity loans in Saint John, NB, and how they can help you refinance your home with no credit.
What is a Home refinance?
A home refinance is a loan that is secured by the equity in your home. Equity is the difference between the market value of your home and the outstanding balance of your mortgage. For example, if your home is worth $300,000, and you still owe $200,000 on your mortgage, you have $100,000 in equity.
Home refinances are a great way to access the equity in your home to finance a variety of expenses, including home renovations, debt consolidation, and education expenses. When you take out a home refinance, you are essentially borrowing against the value of your home.
How Does a Home refinance Work?
When you apply for a home refinance, your lender will assess the value of your home, as well as your credit score, income, and debt-to-income ratio. If you have no credit, your lender may require additional documentation to assess your ability to repay the loan. This may include proof of income, employment, and other financial assets.
Once you have been approved for a home refinance, you will receive the funds in a lump sum. You will then make monthly payments to repay the loan over a fixed period of time, typically between 5 and 15 years. The interest rate on your loan will depend on a number of factors, including your credit score, income, and the amount of equity you have in your home.
Why Choose a Home refinance in Saint John, NB?
There are a number of reasons why homeowners in Saint John, NB, choose to refinance their homes with a home refinance. Some of the benefits of a home refinance include:
How to Apply for a Home refinance in Saint John, NB
If you are interested in applying for a home refinance in Saint John, NB, our mortgage firm can help. We specialize in helping homeowners access the equity in their homes to finance a variety of expenses, and we have the experience and expertise to guide you through the process.
To apply for a home refinance with our mortgage firm, simply contact us at (888)878-4660 or fill out the short form on the top left-hand side of our website. We will assess your eligibility for a home refinance and provide you with a range of options to help you refinance your home with no credit.
There are several benefits to using a mortgage agent for a home refinance.