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Bad Credit 2nd Mortgages
Nationwide Mortgage Loans continues to monitor the pulse of the sub-prime market. The percentage of payment defaults often dictates whether guidelines will be tightened or loosened. We provide homeowners every day with an opportunity to lower their payments and get cash out for multiple purposes. We work with top lending institutions across the country designing the non-prime second mortgage programs that were created for people with bad credit scores.
Borrowers can choose from home equity loans, mortgage refinance, interest only second mortgages, and home equity lines of credit for homeowners who have low credit scores or a bad credit history. Consider taking out a second mortgage if you need to access cash or consolidate credit card debt, but don't want to refinance you existing first mortgage.
Bad Credit 2nd Mortgage Loans
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Sub-Prime 2nd Mortgages |
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Low Fico Scores OK |
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Cash Out for Debt Consolidation |
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Refinance Adjustable Rate debts! |
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Low Interest Only Payments
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No Mortgage Insurance Required!
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Past Bankruptcy OK |
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Whether you have poor, fair, or perfect credit, we have loan programs that can help you finance your dream home or simply refinance your existing loan for a lower rate.
| What is the maximum loan to value for 2nd mortgage loans if you have bad credit? |
| The maximum loan to value will mostly depend on your credit score. For example if you have 560 fico score, you will be restricted to borrowing a maximum loan amount that does not exceed 90%. If your fico score is 600 you may qualify for 100% financing, but debt to income ratio will come into play with underwriting as well. |
- Fixed Rate Equity Loans
- Competitive Home Equity Rates
- No PMI or Mortgage Insurance
- 2nd Loans from $25,000 to $ 500,000
- Loans to 90% with Poor Credit
- Borrow from 100% with Fair Credit
- 125% Loans for Good Credit
- No Cash Reserves
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Lower Payments Can Save You Money!
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Get a quick quote from the team at Nationwide. If you need to get cash out for paying off high interest loans and credit card debt, now is the time to consolidate your debt. We have helped countless homeowners realize their dreams with home improvements and debt consolidation. Call 1-800-262-6986 and speak with a live loan officer. Call today and get a Free 2nd Mortgage Loan Quote.
Need A Lower Payment? Check out our 2nd Mortgage Band-Aid Loan
Get lower monthly payments and qualify for loan that consolidates your adjustable rate debt and offers additional cash back!
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Loan Comparison Calculator
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