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Bad Credit Home Loans in Boston, Massachusetts

Bad Credit Home Loans offers new home purchases, home refinancing, home equity loans, sub prime, FHA, Fannie Mae, bridge loans and more. We can offer consumers in Boston Massachusetts a quick and easy way to get in touch with the mortgage and financial services they need. We can help you consolidate your debt by offering you a debt consolidation loan. Complete the quick application form and a finance consultant will contact you and help you reach your financial goals.



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Mortgage Refinancing in Boston, Massachusetts.

Get financed in Boston. We help people in Massachusetts and across the country get the financing they need. Begin the application now, or select a different city.
Acton
Agawam
Amherst
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Boston
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Cambridge
Canton
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Chicopee
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Danvers
Dartmouth
Dedham
Dennis
Dracut
Easthampton
Easton
Everett
Fairhaven
Fall River
Falmouth
Fitchburg
Foxborough
Framingham
Franklin
Gardner
Gloucester
Grafton
Greenfield
Haverhill
Hingham
Holden
Holyoke
Hudson
Lawrence
Leominster
Lexington
Longmeadow
Lowell
Ludlow
Lynn
Malden
Mansfield
Marblehead
Marlborough
Marshfield
Medford
Melrose
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Natick
Needham
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Newburyport
Newton
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North Andover
North Attleborough
North Attleborough Center
Northampton
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Norwood
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Pembroke
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Quincy
Randolph
Reading
Revere
Rockland
Salem
Sandwich
Saugus
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Sharon
Shrewsbury
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Somerville
South Hadley
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Stoneham
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Swansea
Taunton
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Walpole
Waltham
Wareham
Watertown
Wellesley
West Springfield
Westborough
Westfield
Westford
Weymouth
Wilmington
Winchester
Winthrop
Woburn
Worcester
Yarmouth

Mortgage Terms
Amortization
The gradual repayment of a mortgage by installments. As you pay back the loan, an increasing amount of each payment is applied to principal and a lesser amount is applied to interest. Amortization is also a process of spreading a cost that is incurred upfront over the term of the loan or life of the asset.
Down Payment
Money deposited towards the purchase of a home paid to make up the difference between the purchase price and the mortgage amount not finance with a mortgage. The larger the down payment, the less you need to borrow. Most lenders require the down payment to be paid from the buyer's own funds. Gifts from related parties are sometimes acceptable, and must be disclosed to the lender. However, FHA allows gifts from any source.
Graduated Payment Mortgage (GPM)
A type of flexible-payment mortgage where the payments increase for a specified period of time and then level off. This type of mortgage has negative amortization built into it.
Points
Points are also called discount points, mortgage points, loan discount points, loan origination fees, or maximum loan charges. Points are prepaid interest assessed at closing by the lender and or the broker. A point is equal to 1 percent of the loan amount. Lenders consider mortgage points as interest that you pay in advance. As a result, the more points you pay when you close the loan, the lower your interest rate. The IRS considers points to be a form of prepaid interest. Discount fees are totally tax deductible for the year the loan is closed for tax purposes, while origination points are tax deductible over two years (half for the year the loan is closed, and half in the year following).

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