Mortgage Loan Programs
ByNationwide provides the best refinance terms, mortgage loans, home equity and second mortgages available based on market conditions. Not all programs like the 203k loans will be available to all borrowers depending upon the state and whether or not the home is considered owner-occupied.
FHA Loans – HUD rolled out several new FHA home loans in 2008, like the Hope for Homeowners loan also known as, H4H that is like a mortgage loan modification with a principal write-down to 90% of the fair market value. Take advantage of low down-payment requirements, no minimum credit score, lower mortgage insurance with no pre-payment penalty.
Home Equity Loans – Choose from fixed rate equity loans or flexible home equity lines that enable you to borrow and re-borrow as you see fit. With our HELOCs, borrowers only pay interest on the portion they have accessed.
FHA First Time Homebuyers Loans - Our First-Time Homebuyer Specialists help you with FREE same day pre-approvals, low down payments, and savings on everything from appliances to moving expenses.
Second Mortgage – Leave your first mortgage alone and take out a 2nd mortgage for bill consolidation, cash out or home remodeling. Our second mortgage rates are low as they get online with no upfront application fees.
Debt consolidation mortgage – Consolidate your variable rate debt into one low monthly home loan payment featuring a fixed interest rate.
Fixed rate mortgages – Benefit from secure simple interest amortization that guarantees a fixed interest rate and payment for the life of the loan.
Adjustable rate refinance mortgages – Lower mortgage rates provide lower fixed payments for an initial period of time – Choose from interest-only options for 5, 7 or 10 years.
Interest only mortgage – I/O offer the lowest monthly payments possible. Minimum payments of interest only can increase your cash flow when times are tough.
Nationwide Mortgage Loans cannot guarantee that the mortgage rates or equity loan terms offered will be available unless a full credit package is submitted and reviewed by our underwriting department. Our lenders provide at the lowest interest rates available for mortgage refinancing, FHA loans and second mortgages.
3 Comments
December 30th, 2008 at 11:38 pm
I need to refinance my arm that is going to adjust soon but I’m like 70% of America where I have negative equity with my mortgage balance greater than my home value. I have two loans now (like your FHA refinanancing or 125 option) but there not fixed. Is there any help to avoid losing my house to foreclosure? What about a loan modification?
Thanks! Coreu Bergeson
January 6th, 2009 at 2:29 pm
Good afternoon, I was referred to your mortgage refinancing website and i have some questions. Currently I have a mortgage with a high interest rate. (11%) Looking to lower that, keep my mortgage payments made bi-weekly, include my closing cost & add my taxes BACk into my mortgage payments. (10,000 in taxes) The house is worth over 500,000 but fewer than 575,000. About 322,000 owned, making payments of 2,000 plus a month. Looking to lower that or keep it the same 30 year fixed, I do not want Anymore credit and to increase or consolidate any more credit unless it works out to my benefit of a lower bi-weekly payments. (Monthly payment) I live on long island New York. I have the house for about 13, years. Never late on my payments (I have it taken directly out of my bank and would like that to continue) I do have a low credit score and late payments with other bills but everyone gets paid!
If you can not include my taxes in my mortgage loan payment, keep bi weekly payments; lower my interest rate and my total monthly mortgage payments PLEASE don’t harass me with endless promises or tiring to get me into another program that I will fail in. The house above my head and the payments are going for me. I do not want to lose it! I have 3 kids and wife we both work and the average income, between bonuses, salary is just under 100,000 a year. Both in good jobs. I am in my job for over 20 years and my wife is in a new job for 3. Her old job closed after working for them for 22 years.
I have had people BSing me left and right and not read or listen to what I need or trying to accomplish. I do not want myself in anymore debt then what I need to payoff.
March 3rd, 2011 at 9:32 am
Thank you for this loan article! I have been thinking about taking a loan against my mortgage for a home remodeling project. Have people been getting approved for home improvements this year? I understand that the equity loan programs have shrunk. Let me know.
- Thanks Tina Wabzubi