Nationwide Mortgage Loans offers rates and terms for home equity loans, second mortgages and equity lines of credit with amortization options ranging from 10 to 30 years. Loan terms are important because they determine how much your monthly payment will be and how long it will take you to repay the loan.
There is a lot more that goes into the term though. You must consider factors such as, type of interest rate because adjustable rate terms will take longer to pay back then fixed rate amortization schedules will.
Maximize your Home Equity
Most mortgage companies will charge a fee for applying for a loan. Nationwide Mortgage Loans never charges you an application fee and there is no obligation to do a loan with us. We offer free loan quotes that will help you determine the interest rate and payment info. Our friendly loan team can help you find the best second mortgage for your situation.
Fixed Rate Home Equity Loan Terms
. 10 Year Fixed
. 15 Year Fixed
. 20 Year Fixed
. 25 Year Fixed
. 30 Year Fixed
Adjustable Rate Home Equity Line Terms
. 10 Year Draw (interest only) 10 Year Re-Payment
. 10 Year Draw (interest only) 15 Year Re-Payment
. 10 Year Draw (interest only) 20 Year Re-Payment
