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Florida Home Equity Rates
Check with Loan Officer for State Specific Pricing
Nationwide Mortgage Loans offers Prime Home Equity Rates with exclusive loan offers for Florida residents seeking fixed rate loans and revolving lines of credit. We provide Florida homeowners with competitive home equity loans and second mortgages for financing home improvements, purchasing a vacation home or consolidating debt.
Our loan team will help you finance new furniture, house improvements and they will show you a solution for consolidating high interest credit card debt into a tax deductible fixed rate loan that increases your cash flow and reduces your debt load.
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Competitive home equity rates with an interest rate guarantee for 2nd mortgage loans and credit lines |
Nationwide offers 2nd mortgage and refinancing loans with fixed interest rates in the form of a traditional installment loan or with variable interest rates in the form of a credit line. We offer affordable loans for Florida residents seeking cash or simple rate and term refinancing. We offer a wide variety of loan programs for Florida homeowners who need to access money, but prefer not to pay off their existing mortgage in the process. We offer condo financing and reverse mortgages that have become very popular in the retirement communities across the southern states.
"It is good before the Christmas season we have made a down payment on the solution to this problem," said Sen. Mel Martinez, R-Fla.
**Special Home Equity Incentives for Florida Homeowners Online** |
Nationwide extending special loan incentives to Florida homeowners who are cashing in with a home equity loan or credit line. This is for home refinance transactions only. 80-20 purchase loan combos do not qualify at this time for this offer.
Nationwide is excited to offer consumers residing in the Sunshine State, reduced closing cost option that is offered to each qualified applicant who has a middle credit score over 680 and whose CLTV does not exceed 95%.
When borrowers complete the loan request form online they will be contacted by one of our experienced loan professionals who will help them complete the application and update them about any new financing specials that may be applicable.
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Florida homeowners save money with our No Point Home Loans that are offered to Qualified Borrowers. |
| 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. |
Whether you are purchasing a home in Tallahassee, Miami or Orlando we offer subordinate loans for purchase or refinance. If you need help with a "Zero Down" 80-20 combo loan, then you have found the right lending source.
Relevant Florida Facts:
South Atlantic Homeowners |
Average home value for owner occupied primary residence, 2000: $105,500
Homeownership rate, 2000: 70.1%
Average household income, 1999: $38,819
Population, 2004 estimate: 17,397,161
% of people living in same home for 5+ years, 2000: 48.9%
Average commute time from home to work (minutes), 2000: 26.2
Click Here for More Florida Loan Info
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* Loan terms are state and federal fee restrictions. Laws may vary per state.
Data source census.gov |
By Nick Rian
 The real estate market in Florida is looking good for home owners. Home prices in the sunshine state have shot up $40,000 during the first six months of 2006. Add to that almost 10,000 more homes sold from the first to second quarter, makes one think why higher interest rates aren't affecting the Florida market.
The prime interest rate has jumped almost one point during the first six months of 2006. In some parts of the country, higher interest rates are pushing home prices down and creating buyers' markets. But the figures released from the Florida Association of Realtors may tell a different story.
During the first quarter of 2006, 61,158 homes sold in the state Florida. Three months later, 69,683 homes sold. During the first six months of 2006, Florida' home sales have increased 8,525. One theory for the apparently successful market is that Floridians aren't relying on adjustable rate mortgages or interest only loans. In markets where Neg-Am, Interest Only and ARM's reign the lending market, some worry as interest rates climb the housing bubble will burst and homeowners will fall victim to a loan worth more than their home. Some analysts say when interest rates climb, The Federal Reserve Bank fights inflation. Doesn't it look like their tactic is working in Florida's home market? The median sales price of a Florida home has risen from $205,100 in January to $214,200 to $248,200 in July.
Before the rates get too high, Apply for a Fixed Rate Home Equity Loan. Stay online and complete one simple form and one of our experienced loan professionals will follow up with you shortly.
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