Things to Know about Alternatives to Home Refinancing in Chicago

Refinancing a home seems like a perfect solution for those looking for some needed cash, lower interest rates or smaller payments; however, what if a homeowner has bad credit, or too much debt and refinancing isn’t an option because they are considered a risky borrower by banks? Many homeowners frustratingly spend time and money applying for loans before considering other options, only to continually be rejected by banks.. If you’re struggling to raise your credit score, or are unable to receive funding from your bank, you may want to consider alternative financing options in greater Chicago, IL area. SKYDAN Equity Partners specializes in alternatives to refinancing in the Chicago area without bank loan requirements and hassle. Moreover, the SKYDAN Equity Program offers you unique benefits that aren’t available through a bank, including no monthly payments for up to two years. The SKYDAN Equity Program makes the home application process obsolete, and our experienced professionals are working with your best interests in mind to avoid financial hardships down the road and ensure you’re able to live stress-free in your home. Call us today to learn more about how this home refinancing alternative works for you.

Work with Alternative Options

Normally, homeowners believe they can only go to a bank to discuss their home refinancing options and find the best loan option for their needs. While this has long been the standard way of refinancing a home, we have established ourselves as a viable alternative for those dealing with special circumstances. Whether your credit score is keeping you from getting a loan, or you need unique terms that come with more flexibility, working with SKYDAN Equity Partners can help you avoid the hassle of dealing with a bank and ensure you keep your home while dealing with unavoidable life events.

Bad Credit? No Problem

One of the most appealing aspects of using our equity solution is being able to find the help that takes into consideration your personal situation. While banks primarily use credit scores, debt, income and job history to determine the worthiness of applicants, SKYDAN Equity Partners will only look at whether you have equity in your home. There are absolutely no other requirements! Even if you are suffering from a low credit score, we can offer you an option that you simply won’t find anywhere else.

“Sell-Buyback” Program

There are a many reasons why homeowners search for refinancing solutions in the Chicagoland area. For example, you may find that you are facing chapter 13 bankruptcy or foreclosure and your lender and bank are unwilling to work with you further. Facing foreclosure, you run to any available option to keep your family secure. Did you know that SKYDAN Equity Partners offers a sell-buyback program that allows you to continue to live in your home and buy it back at an agreed upon later date? This period gives you the capital you need to keep your home, pay bills and help give your credit score time to heal – letting you restructure your finances and creating a financial plan that works best for you.

SKYDAN Equity Programs that offer alternatives to refinancing a home in the Chicago area give you the opportunity to work closely with an experienced professional who can provide you with options that a bank simply can’t. If you live in the Chicago area and are interested in learning more about alternative home refinancing options, call SKYDAN Equity Partners, LLC. We’ll be happy to provide you with alternative ways for you to stay in your home without risking a financially devastating foreclosure or bankruptcy.