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Home Equity Mortgage
 Nationwide Mortgage Loans is a home equity broker offering second mortgages and home equity loans with interest only or fixed rate interest options. We offer both fully amortized mortgages and low payment home equity lines of credit for homeowners with good and bad credit scores. Consider taking out a home equity mortgage if you need to access cash or consolidate credit card debt, but don't want to refinance you existing first mortgage for home improvements or bill consolidation.
Over the last five years, homeowners across the country have enjoyed significant home equity gains as property values of reached new heights. The power of home equity has evolved with hybrid equity mortgage programs that have increased borrowers buying power as well. These home equity mortgage loans offer more flexibility with more exceptions for higher loan to value limits. Borrowing money for loan consolidation between 100-125% cltv has become very common.
Home Equity Mortgage with 100% Total Loan to Value: Fixed interest rates and fixed monthly payments.
Includes additional options for lower monthly payments or lower interest rates, and potential tax savings. This fixed rate second mortgage allows customers to know what the payment will be for the entire life of the mortgage.
--- Home Equity Mortgage Loans up to $500,000
Click Here for a Fixed Rate Home Equity Mortgage
Home equity Mortgage with 125% Total Loan to Value: Fixed interest rates and fixed monthly payments.
Includes additional options for lower monthly payments or lower interest rates, and potential tax savings. This fixed rate second mortgage allows customers to know what the payment will be for the entire life of the mortgage.
--- 125% Second Mortgages Loans up to $150,000
Click Here for a 125% Home Equity Mortgage
Calculating the Home Equity for Both Mortgages
(Combined Loan to Value) |
CLTV Formula: Take the current loan balance for your 1st mortgage add the proposed new loan amount: then Take that total and Divide by the Estimated Appraised Value of your house = Total Loan To Value or Combined Loan to Value.
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