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RealFix Finance
Non-Bank Solutions
Asset-Backed
Mortgage Solutions
Banks declined your application? Your property can still work for you. Discover second lien mortgages, equity release, and debt consolidation options that focus on property value - not credit score.
The Bank Says "No" - But You Have Assets
A common situation with better solutions than you think
You own a property worth $500,000+. You have equity. You need funds for debt consolidation, business expansion, or helping your children. But the bank declines because of:
- Credit Issues: Past payment problems, BDI entries, or limited account
- Age: Over 65 and banks see you as "high risk"
- Income: Self-employed, irregular income, or recent job change
The solution? Non-bank lenders who focus on collateral value, not credit scores.
Solution 1: Second Lien Mortgage
Additional financing against your existing property
How It Works
- Property appraisal to determine current value
- Calculate available equity (up to 70% combined LTV)
- Non-bank lender registers secondary lien
- Funds released in 2-4 weeks
Example Calculation
- Property Value:$550,000
- Existing Mortgage:$220,000
- Max LTV (70%):$385,000
- Available Equity:$165,000
Solution 2: Reverse Mortgage (60+)
Equity release for seniors - no monthly payments required
For property owners aged 60 and above, a reverse mortgage converts home equity into cash with no monthly payments. The loan is repaid when the property is sold or from the estate.
No Credit Check
Based on property value
Stay in Home
Live there for life
Monthly Stipend
Or lump sum option
Solution 3: Debt Consolidation via Property
Convert high-interest debts into one low mortgage payment
Before vs After Consolidation
Before (Multiple Debts):
- Credit Cards (18%):$550/mo
- Bank Loan (9%):$420/mo
- Car Loan (7%):$380/mo
- Total Monthly:$1,350
After Consolidation:
- Second Lien (4.5%):$520/mo
- Total Monthly:$520
- Monthly Savings:$830!
Own Property? Let's Unlock Its Value
Free consultation - we'll review your situation and present all available options
FAQ
Frequently Asked Questions
Asset-Backed Financing
A second lien mortgage is an additional loan against a property that already has an existing mortgage. The lender receives a secondary claim (after the first bank). This allows property owners to raise additional funds even when banks decline, provided there's sufficient equity in the property.
Helpful Tools
Legal Disclaimer
The information and simulations presented on this website are for illustrative purposes only and do not constitute a binding offer for credit or financial advice. Credit Approval: Subject to final underwriting, clean credit data (positive credit score), clean banking history, and meeting the threshold requirements of the financing institutions. Interest Rates: The interest rates displayed are estimates only, based on average market data, and may change at any time according to the client's individual risk profile and economic conditions (Bank of Israel interest rate changes / CPI). No Commitment: RealFix does not guarantee loan approval or the terms displayed in the calculator. E&OE.