 |
Connecticut Home Equity Rates
- Elimination of Mortgage Insurance
- Debt Consolidation of High Rate Credit
- Furniture for New Homebuyers
- New Home Construction
- Financing a Start-up Business
|
|
Nationwide offers home equity loans with fixed or variable interest rates. We can provide Connecticut residents competitive loans for applicants seeking cash out as well as help you with traditional rate and term refinancing. Nationwide continues to offer a wide variety of refinancing programs for homeowners who with less than perfect credit.
A Few Common Reasons for Connecticut Homeowners Getting Second Mortgages:
- Refinancing Current Adjustable Rate
- Additional Tax Deductions
- Installing a Swimming Pool
- Remodeling your Home
|
| In 2007, Home equity loans have become very popular for cash out financing. Borrowers who need quick cash for home construction can get access to a secured line of credit. |
Whether you are purchasing a home in Hartford or Boston we offer subordinate loans for purchase or refinance. If you need help with a "Zero Down" 80-20 piggy-back loan, Nationwide will help you with competitive interest rates for 100% home financing.
|
 |
| Wouldn't you like to be able to put more money in your bank account each month? Many of our 2 nd mortgage and refinance programs were designed specifically for fixed rate debt consolidation. These equity loans offer significant opportunities for people with a bad credit history find a solution for their escalating monthly payments. |
Relevant Connecticut Facts:
North Atlantic Homeowners |
Average home value for owner occupied primary residence, 2000: $166,900
Homeownership rate, 2000: 66.8%
Average household income, 1999: $53,935
Population, 2004 estimate: 3,503,604
% of people living in same home for 5+ years, 2000: 58.2%
Click Here for More Connecticut Loan Info
|
* Loan terms are state and federal fee restrictions. Laws may vary per state.
Data source census.gov |
 Home sales are dropping in Connecticut but some home prices are still on the rise, unless you're looking for a home with four or more bedrooms.
Those home prices are slowly dropping. The Connecticut Association of Realtors reports almost eight thousand less in homes sold from the first to second quarter of 2006.
The interesting fact is that the prime interest rate is steadily increasing. The Federal Reserve shows the prime interest rate climbed from 7.5% in February to 8.25% in July. Some industry analysts say when prime goes up, there's an effort to battle inflation, and in some home markets a rising interest rate slows sales, and less sales has pushed prices down.
Larger homes with four or more bedrooms are following the trend. The average price for one of those homes in Connecticut dropped from $464,700 to $457,500 from quarter one to quarter two. Here's the statistics from the Connecticut Association of Realtors.81,000 Connecticut homes sold during the first quarter 2006, while only 73,100 sold during the second quarter. Keep in mind the prime interest rate is steadily increasing during that time. During the same period, Connecticut housing prices have also dropped. The average home sales price in Connecticut shows at $353,700 in the first quarter, while the average sales price rose to $357,000 in the second quarter.
Don't wait any longer, Call 1-800-242-6986 to speak with a seasoned loan professional live. We offer a helpful consultation that includes a free loan quotes with no obligation.
|
|
|
|
