Home Equity Loans for Leveraging
Credit Card Debt

Home equity loans can be powerful financial tools because they allow homeowners to leverage their credit card debts against the present and future value of their home. Borrowers can consolidate high rate loans and credit card debt into a home equity loan that is locked in with a fixed rate for the entire term of the loan. There is no better way for a homeowner to refinance their credit card debt than with a tax deductible equity loan from Nationwide Mortgage Loans. If you are a homeowner carrying more than $15,000 in credit card debt, we strongly recommend rolling the debt into a fixed rate loan immediately.

Preferred Loan Type Select ---------------> Mortgage Refinance Cash Out Refinance Home Equity New Home Purchase Property Type Select One-----------> Single-Family Detached Condominium Cooperative Multi-Family Dwelling Modular Mobile Home Manufactured Home Property Value Select One-----------> 1st Time Buyer 75,000 - 80,000 80,000 - 85,000 85,000 - 90,000 90,000 - 95,000 95,000 - 100,000 100,000 - 105,000 105,000 - 110,000 110,000 - 115,000 115,000 - 120,000 120,000 - 125,000 125,000 - 130,000 130,000 - 135,000 135,000 - 140,000 140,000 - 145,000 145,000 - 150,000 150,000 - 155,000 155,000 - 160,000 160,000 - 165,000 165,000 - 170,000 170,000 - 175,000 175,000 - 180,000 180,000 - 185,000 185,000 - 190,000 190,000 - 195,000 195,000 - 200,000 200,000 - 205,000 205,000 - 210,000 210,000 - 215,000 215,000 - 220,000 220,000 - 225,000 225,000 - 230,000 230,000 - 235,000 235,000 - 240,000 240,000 - 245,000 245,000 - 250,000 250,000 - 255,000 255,000 - 260,000 260,000 - 265,000 265,000 - 270,000 270,000 - 275,000 275,000 - 280,000 280,000 - 285,000 285,000 - 290,000 290,000 - 295,000 295,000 - 300,000 300,000 - 305,000 305,000 - 310,000 310,000 - 315,000 315,000 - 320,000 320,000 - 325,000 325,000 - 330,000 330,000 - 335,000 335,000 - 340,000 340,000 - 345,000 345,000 - 350,000 350,000 - 355,000 355,000 - 360,000 360,000 - 365,000 365,000 - 370,000 370,000 - 375,000 375,000 - 380,000 380,000 - 385,000 385,000 - 390,000 390,000 - 395,000 395,000 - 400,000 400,000 - 405,000 405,000 - 410,000 410,000 - 415,000 415,000 - 420,000 420,000 - 425,000 425,000 - 430,000 430,000 - 435,000 435,000 - 440,000 440,000 - 445,000 445,000 - 450,000 450,000 - 455,000 455,000 - 460,000 460,000 - 465,000 465,000 - 470,000 470,000 - 475,000 475,000 - 480,000 480,000 - 485,000 485,000 - 490,000 490,000 - 495,000 495,000 - 500,000 500,000 - 505,000 505,000 - 510,000 510,000 - 515,000 515,000 - 520,000 520,000 - 525,000 525,000 - 530,000 530,000 - 535,000 535,000 - 540,000 540,000 - 545,000 545,000 - 550,000 550,000 - 555,000 555,000 - 560,000 560,000 - 565,000 565,000 - 570,000 570,000 - 575,000 575,000 - 580,000 580,000 - 585,000 585,000 - 590,000 590,000 - 595,000 595,000 - 600,000 600,000 - 605,000 605,000 - 610,000 610,000 - 615,000 615,000 - 620,000 620,000 - 625,000 625,000 - 630,000 630,000 - 635,000 635,000 - 640,000 640,000 - 645,000 645,000 - 650,000 650,000 - 655,000 655,000 - 660,000 660,000 - 665,000 665,000 - 670,000 670,000 - 675,000 675,000 - 680,000 680,000 - 685,000 685,000 - 690,000 690,000 - 695,000 695,000 - 700,000 700,000 - 705,000 705,000 - 710,000 710,000 - 715,000 715,000 - 720,000 720,000 - 725,000 725,000 - 730,000 730,000 - 735,000 735,000 - 740,000 740,000 - 745,000 745,000 - 750,000 750,000 - 755,000 755,000 - 760,000 760,000 - 765,000 765,000 - 770,000 770,000 - 775,000 775,000 - 780,000 780,000 - 785,000 785,000 - 790,000 790,000 - 795,000 795,000 - 800,000 Over 800,000 Credit Rating Select ---------------> Excellent Good Fair Poor

Home Equity Loans to the Rescue
By Kathy Neilsen

Credit card debt can be a beast. One day it seems tame and manageable, then, before you know it, your credit card debt is out of control. When your debts become more than you can handle there are alternatives that can save you money each month and preserve you excellent credit.

Homeowners with equity have the opportunity to leverage debt with a home equity loan.

A home equity loan is a secured 2nd mortgage that can be used for a number of situations including consolidating high interest or adjustable interest rate credit card balances, bill consolidation and cashing out their equity for other uses. A debt consolidation loan or a home equity loan can be an excellent alternative to high interest credit card debt and other personal debt.

Often, homeowners consider a second mortgage, as a way to reduce monthly payments and interest. This is most common when they realize they have accumulated more debt than they can handle. By consolidating bills and paying off adjustable and high interest rate credit cards homeowners have just one low easy payment to contend with each month.

Home equity loans are available for many uses, and will be based on several factors; the amount of equity you have in your home, your credit score and your ability to repay the loan. Although credit is one of the determining factors, often low credit scores will not rule a homeowner out. Determining the equity in your home will require an appraisal in one form or another, your credit rating will be verified through the three major credit agencies and financial documentation may be required to complete the loan process.

Home Equity Loans Fixed Rate Home Equity 15-30 Year Fixed Rate Loans Cash Out Refinancing Credit Card Consolidation Eliminate Compounding Interest Refinance Revolving Debts

A home equity loan can take on average between three and four weeks to complete and cooperation of the applicant will aid the loan process. Be prepared to provide additional or substantiating paperwork if needed. The appraisal will be completed once credit and financial documentation has been provided. Your loan representative will keep you apprised of the progress and contact you when your loan documents are ready for signatures and notarization. You can expect your funds to be available approximately one week after all loan documentation has been signed and returned.

Home equity loans are quick and a financially smart alternative to high balance credit cards and other personal debt. By leveraging you high balance credit cards and consolidating other bills you are taking one step closer to financial freedom.