Home Equity Loan

Mortgage lenders from Nationwide offer popular equity loans for cash out refinancing, house repairs, debt consolidation and much more. For over a decade we have been connecting homeowners with lenders that offer a smooth path to cheap money with affordable home equity mortgages and credit lines for financing home remodeling and consolidating debt. We believe the "home equity loan" is an excellent vehicle for homeowners to raise capital, refinance debt and fund home improvement projects. We are proud to be able to match people with home equity loans that best meet their needs and qualifications. Have you been searching for lenders that provide a wide selection of fixed equity loan programs and second mortgages? BD Nationwide offers all types of equity mortgage loans in 1st or 2nd position with home equity plans for fixed rate installment loans or revolving credit lines. With the market conditions improving, now is an excellent time to get a professional quote on an equity loan with no lender fees.

Compare Home Equity Mortgage Lenders for Rates and Terms

Equity Loan
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Talk to industry leading lenders that remain some of the last premiere home equity bankers who still offer financing for people with no equity. We offer prime equity mortgages and lines for people with good credit and subprime equity loan plans for borrowers with bad credit. Nationwide is focused on remaining an industry leader for high LTV equity loans and refinancing transactions. In a recent article, IHE Account Executive Dan Ambrose said, "No broker has a better understanding of home equity loans."

Choose between Fixed Rate Equity Loans & Variable Rate Credit Lines

Compare a fixed rate home equity mortgage loan to a revolving line of credit. Both are tax deductible but the equity loan has the security of a fixed interest rate and the credit line rate will fluctuate with market conditions.

Did you know that home equity loans are more difficult to qualify for these days because of the dramatic rise defaults? For people with fair or less than perfect credit, we suggest getting cash out with a refinance loan insured by the FHA because they require very little equity. FHA does not offer home equity financing, but they do allow consumers to take out equity loans to subordinate to FHA first liens. Borrowers can get cash back in a home loan from 85% loan to value.

Consider the "stated income" home equity loans that allow first time homebuyers to qualify for loans without having to document their income. Remember, an equity loan that requires less documentation usually requires a lot more equity. Getting an equity loan approved without income documentation will typically require higher credit scores. (FYI- Most stated programs have been placed on hold).

Lock into a Fixed Rate Home Equity Loan while the interest rates are affordable with no equity required. If you would rather not refinance your 1st mortgage, but need cash out for consolidating debt or financing home improvements, then our home equity lenders are here to help you maximize your home's equity will minimizing the cost of refinancing. Cash out equity loan and home refinancing volumes have increased significantly this year, and the consumer demand is sure to drive expanded guidelines for larger loan amounts. Today's equity mortgage loan programs have created new opportunities for homeowners to get quick access to money that is tax deductible in most instances. (Discuss current requirements for loan to value with a home equity loan lender as LTV guidelines change frequently.)

Credit Requirements: Lately, the trend for home equity mortgages is approved for applicants with good credit. Borrowers that need a mortgage loan with bad credit are seeking FHA or hard money. (Please be aware that most lenders have a minimum fico score for equity loan products. If you meet the LTV requirements, some private money lenders may waive minimum credit score requirements on some hard money programs.)

Get More Home Equity Loan Info and Learn What It Takes to Qualify for Extra Cash to Complete a House Remodel or Refinancing High Rate Credit Card Debt!

In many instances, home equity loans offer quick cash to homeowners who want an affordable monthly payment that is tax deductible like their first mortgage. Borrowers like the home equity lender partners at Nationwide because they offer second mortgages that meet their needs without requiring them to refinance their first mortgage loan if it does not benefit them. We'll help you find online equity loans that continue to open the doors of opportunities for homeowners looking to leverage their equity with tax-free cash. Discuss tax deductibility with a tax attorney or certified public accountant that is up to speed on the IRS and rules for equity loan deductions. Learn more from the FTC about home equity lines.

Fast Home Equity Loans
Home Equity Loans
Maximize Home Equity with a Cash Out Refinance or Home Equity Loan for Debt Consolidation if Your Credit Scores are Good!
100% Fixed Home Equity Mortgage Rates
Self-Employed Installment Loans
Home Equity Loans for Less than Perfect Credit
Flexible Home Equity Loan Credit Guidelines
Refinance Credit Lines with a Fixed Equity Loan

Having Problems Qualifying for Equity Loans?

Try Refinancing with Cash Back - There is hardly any equity needed with FHA. Credit Scores are not much of a factor either.

  • Home Mortgage with Cash Back
  • Fixed Rate 30 Year Mortgage Loans
  • Rate & Term Refinancing to 96.5% Loan to Value
  • Competitive Low Rate Home Loans
  • Streamline for Quicker Refinancing
Home Equity Mortgage

Home Equity Loan Definition (also called second mortgage)

A "home equity loan" is offered as a onetime lump sum of money secured and borrowed against the equity in your home. Online home equity loans are available to borrowers who complete a residential loan application and have the ability to document their income sources.

Home equity mortgages ensure a fixed interest rate that is secured as a lien in second position on the deed to your property's title. In most cases, equity loan rates are low with affordable interest rates like traditional mortgages.

Fixed equity loans provide fixed monthly payments and a fixed amortization schedule. Cash is allocated to borrower at time of closing escrow (or at the time your loan funds) Home equity loans are tax-deductible in most cases. These fixed equity loans are very popular loans for debt consolidation & home improvement. There are no annual fees with fixed home equity mortgage loans.

Home equity interest only loan is available as a HELOC and borrowers only pay interest on the portion of the funds that are accessed. Home equity refinancing locking in a fixed interest rate is recommended once your credit line funds have been used.

Choose between a "second mortgage loan" and a cash refinance that works with your existing first lien. Free No Obligation Quote from a Professional Loan Officer. 


Useful Financing Tips from the Home Equity Loan Lenders
What Are 125 Home Equity Loans?
125% equity loans are 2nd mortgage liens that used to enable people to borrow beyond the value of their home. These high LTV loans were very popular a few years ago for homeowners that wanted to refinance credit card debt without any equity. The 125 loan was unique because an equity loan is secured by real estate and personal credit. Clearly the "125%" underwriting guidelines were more concerned with credit scores and residual income than equity because if the borrower defaulted the lender had no recourse. Due to market conditions on the secondary market, The 125% program has been put on hold.
Home Equity Lender
Free Home Equity Loan Quotes Online

A few years back, lawmakers implemented tougher restrictions on home equity lenders. 2nd mortgage companies frequently underscore the tax advantages of home equity mortgage plans. Dodd-Frank expanded Regulation Z to prohibit lending organizations from advertising tax benefits on equity loans that could be misconstrued as misleading. The interest on the portion of the credit that exceeds the fair market value of the home is not deductible from federal income taxes. The borrower should consult a tax advisor regarding the deductibility of interest and charges.

Even though there are many benefits for consumers considering a home equity loan, there are some risks with these loans as well. 1. If a homeowner uses their equity in their property and they need to sell their home, they could be "short to close" or not have any proceeds from their sale of their house that could potentially be used for the purchase of another property. 2. It puts some people at more risk to lose their home if something happens and they are unable to make their mortgage payment.


Example of How a Fixed Home Equity Loans Can Be Used to
Consolidate Debt and Reduce Monthly Obligations
Loan Amount
Current Payments
Home Equity Payment*
Monthly Payment Savings
$50,000
$1,145
$436
$709
* This is a sample of refinanced credit debt to and assumes interest rate for the equity loan at 8.75% (APR 9.67%) with $795 in closing costs (2-7-09). Talk to a lender and learn more about how to maximize the equity in your home!

See Featured State Pages Below for Various Home Equity Loan Specials

Many financing experts consider equity home loans a valuable vehicle for homeowners to access cash. Shop Financing - Our equity loan specialists will try their best you find you a solution that meets your needs while yielding savings.



State Guide for Home Equity Rates

Loan Processing
Oregon Home Equity Loans – Local residents from Portland, Eugene, Salem, Beaverton, Medford, Bend and Corvallis have begun to refinance their recently acquired credit with fixed equity loans. Virginia Home Equity Loans – Local homeowners from towns like, Charlottesville, Virginia Beach, Norfolk, Newport News, Arlington, Alexandria and Hampton have been utilizing their real estate appreciation with equity financing.
New Jersey Home Equity Loan - Local residents from Jersey City, Newark, Paterson Elizabeth, Woodbridge, Hamilton, Trenton and Camden continue to consolidate debt with an equity mortgage. Maryland Home Equity Loans – Many homeowners from towns like, Baltimore, Frederick, Gaithersburg, Hagerstown, Annapolis, Salisbury and Cumberland continue to finance home improvements or pay-off bills.
* Equity loan quotes are subject to submitting an application to home equity lenders. The standard conditions for underwriting qualifications: verification of income, employment, assets and other info like obtaining an acceptable property.

Popular Home Equity Loan Programs
125% Home Equity Loan
100% Home Equity Loan

125 equity loans on hold. However the HARP 2.0 allows qualified underwater borrowers to refinance their 1st mortgage. See lender for more info on Home Affordable Refinance.

Apply now for a low interest equity loan that will maximize owning a house. Refinance or Take out an equity loan to 100% with a fixed rate. (Fico score of 720 required)

90% Equity Loan
80% Equity Loan

Lock into a fixed home equity mortgage rate to leverage homeownership. Borrow up to 90% with a fixed rate and fixed payment.

Lock into an equity loan with minimal interest that helps maximize your real estate investment.

100% Home Equity Credit Line
Home Improvement Loan

Take advantage of the flexibility the equity line offers. With equity lines, only pay interest on the amount you access. Credit lines are variable, but fixed rate conversions may be available. (Fico score of 720 required)

No Equity Required! First Time Home Buyers are invited to apply. FHA 203k loans enable qualified borrowers to get cash out for home improvements and remodeling.


More Popular Home Equity Loan Solutions to Consider:

Please view the popular home equity mortgages below. If you need more information, Please select the loan that interests you most. Get more details click the relevant link below that meet your needs and for researching further.

Home Equity Line of Credit | Home Improvement Loan | Loan Consolidation

Linda's Advice for Choosing a Home Equity Mortgage
Ask Linda?

Always calculate and your combined loan to value factoring in the proposed home equity loan. If you don't add the potential loan amount to the existing mortgage totals, you could be shocked with the higher rate that is offered when the reality of your home's equity prevails. CLTV or combined loan to value is essential to quantify home equity loan eligibility.

CLTV Formula: (Existing Mortgage plus the New Second Mortgage then Sum is Divided by the Value of your home = Combined Loan To Value)


Nationwide Spotlight on Equity Refinancing and 2nd Loans

100% Second Mortgage
No equity refinancing has been in high demand since the housing crisis first erupted. Our lenders offer equity loans to 100% combined loan to value. This remains very popular with 1st time homebuyers because they do not need the property to appreciate quickly in order to be eligible for cash out loans. Typically when people become homeowners they need help buying furniture, appliances and in some cases home repairs. (Please note that most 100% loan programs have been placed on hold)

Also see alternative options for refinancing without equity or with low credit scores:

Home Affordable Refinance Program | FHA Refinance | Bad Credit Refinancing

Fixed Rate Second Mortgage or Variable Home Equity Line of Credit?
Home Equity Report - By Barry Donavan

Examine the features and benefits of the latest home equity loan products. Understanding the differences between fixed rate equity loans and variable rate credit lines can help you make the right decision with respect to leveraging your property's equity. Learn more about the rules of equity loan qualification and what "loan to value" levels are required.


Resource Tools


Learn How a "Home Equity Loan" Can Save You Money While Helping You Maximize Tax Deductions!

Call for Free Loan Consultation from Nationwide Home Equity Lenders who will help you get approved for a loan that best meets your goals and budget.


Client Testimonials

"The loan officers at Nationwide helped me compare home equity loans until I was sure that I found the right loan for our family’s goals. I was able to pay off some bills and get cash for home improvements and my new business. Thank you!
– Barrett Family.

"We needed money fast to complete a construction project on our vacation home. We already had an interest rate way below the current market options with our current mortgage, so a equity loan made sense. Unfortunately several banks were not interested in extending us the money we needed unless we refinance our 1st loan. Our friend referred us Nationwide and right away they connected us with a 2nd mortgage lender that delivered a great home equity mortgage that was created specifically for home construction. Thanks for all your time and dedication.
– Thompson Family.


Free Finance Guides

Take advantage of our free guides and disclosures that help 1st time homebuyers.

Equity Credit Line Fed Tips
Understanding Credit Scores
Consumer Guide -Rate Locks

The refinancing boom can’t last forever. Interest rates could be on the rise. Check Today's second mortgage rates

Lenders offer new home equity loan options.


Prime Home Loan Rates

Quick Closing Equity Loans
We understand the budgeting concerns of homeowners so we offer several terms:
- 10-Year Fixed
- 15-Year Fixed
- 20-Year Fixed
- 30-Year Fixed

Solid Advice from the Equity Mortgage loan Specialists
If you want access to more money, then using your home as collateral can be a wise financial decision. In addition to tax deductions, homeowners have the ability to reduce housing expenses and minimize interest when consolidating debt. For decades, people have been using house equity loans as a solution for consolidation of revolving accounts.

Maximize your Home Equity
1. Minimize Housing Expenses
2. Access Funds for Investment
3. Pay for House Repairs
4. Reduce Interest and Lower Rates


Reduce Interest and Lower Rates


Mortgage Blog, Get with new insight every day about Home Equity Mortgages, Cash Out Loans, Refinancing and More.


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BD Nationwide On Twitter

We found Nationwide online and compared their equity loans with several banks. Professional and Lowest home equity rates.
- Janice M., Denver, Colorado

Easier credit rules on home equity mortgages than our local banks.
- Gary K., Tucson, Arizona

Nationwide offers the best home equity loan rates online!
- Tim F., Escondido, California

Good service and a wide variety of home equity loan programs for all types of credit ratings!
- Jen D., Houston, Texas

Great system that allowed us to shop equity loans with reputable lenders quickly and efficiently!
- Michael R ., Minneapolis, Minnesota


Facebook
BD Nationwide On Facebook

We got approved for a $100,000 equity home loan at an amazing interest rate. They did not require us to include or 1st mortgage.
 - Tony M., San Diego, California

Finally a company that was not shoving 1st refinancing down our throat. We already had a great rate on our mortgage, so we just needed quick cash that was deductible for tax purposes. Nationwide set us up with an equity loan that got us the money we needed for our new business at a rate we could afford! -
- Phil N., Santa Margarita, CA

A friend referred us to BD Nationwide because they were able to get a home equity mortgage to finance a solar energy system. We took their advice and got approved for a green mortgage that cut our electric bill in half. We are saving money and helping the environment. That’s cool. Thanks for all your help guys!
- Serena H., Tacoma, WA

A few years ago we took out a credit line to pay for a new pool. The problem was that the interest rate adjusted and no one provided us a solution for refinancing because we didn’t have any equity. Finally we found Nationwide who was able to get us a home equity loan that had a fixed interest rate. We are saving more than $125 a month now and no longer have to worry about the rate rising.
- Bill J., Virginia Beach, VA

More Featured Home Equity Loan Products:
Compare Home Equity Loans | Poor Credit Equity Loans | Non-Prime Home Loans | Home Equity Loans After Bankruptcy | Manufactured Home Loans | Cash Out with Equity Loans | VA Home Equity Loan | Home Equity Refinancing Loans | Fixed Rate Home Equity Loans | Mobile Home Loans Bad Credit Rates | Bad Credit Home Equity Loan | Home Equity Loan Programs | Home Equity Loans Leveraging Credit Card Debt | Underwater Mortgage | No Income Mortgage | No Cost Mortgage | Texas Home Equity Loans

More 2nd Mortgage Help:
125 Home Equity Loans | Home Equity Loan Refinance | Fast Cash Equity Loans | Stated Income Home Loans | Low Closing Cost Home Equity Loans | Discount Home Equity Loans | Low Interest Equity Loans | Cash Out Refinancing Loans | Home Equity Loan Guide | Home Equity Lending | Home Equity Loan Rates | Home Equity Terms | Equity Loan Updates | State Guide of Home Equity Rates | Home Equity Mortgage Loan Interest | Application for FHA Loan

BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024

Please note that this is not an advertisement for credit. When a consumer submits a loan request, they will be matched with mortgage lenders that meet their criteria. We do not make equity loans or credit lines online and nothing on this site contains an offer to extend credit for a home equity loan for any purpose with any specific terms. Borrowers are subject to meet the requirements with LTV, credit score and debt to income ratio. Please see home equity lenders for eligibility and conditions that pertain to loan approval.

Copyright © 2001-2014 and Beyond, BDnationwidemortgage.com. All rights reserved. Do not duplicate in any form. Please note that not all borrowers will meet the underwriting criteria for a home equity loan.