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Home Loan Refinancing
Home loan refinancing is an effective way to consolidate debt and save money whether borrowers have good and bad credit. Combining loans and refinancing adjustable rate loans into a fixed rate is a sure way to maximize saving with minimized monthly loan payments. These days, borrowers are refinancing a lot more than just their 1st mortgage. Homeowners are turning to FHA loans for refinancing credit card debt, auto loans, consumer loans, student loans and adjustable rate 1st and 2nd mortgage loans.
Nationwide Mortgage Loans is a mortgage lender who remains focused on providing competitive interest rates for loan refinancing. We offer terms from 30 to 40-year refinance loans, FHA home loans, prime rate mortgage refinancing and debt consolidation loans for people with all ranges of credit scores. Consolidate and refinance your debts and loans into a new first mortgage or by take out a second mortgage for credit card consolidation and lower monthly payments. We offer a variety of competitive refinance loans up to 100% for people with poor or a limited credit history. Refinancing is now possible with loan programs allowing you to qualify using your highest credit score and refinance your debts and bad credit.
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Bad Credit Home Refinancing
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Fixed Rate Refinancing
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No Equity Second Mortgages
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Refinance Adjustable Loans
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Credit Card Consolidation
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100% Refinance Loans : Fixed or variable interest rates for lowered monthly payments and increased savings! Check for additional benefits for reduced monthly payments, lower mortgage rates, and potential tax savings. Refinance your existing 1st or 2nd mortgage lower your payments
Refinance Mortgages up to $3,000,000
125% Second Mortgage : Fixed interest rate loans with set monthly payments.
Lower your monthly payments and reduce the interest rate. This fixed rate 2nd mortgage enables borrowers to know what the payment will be for the entire life of the mortgage.
125% Second Loans up to $200,000 |
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Homeowners with ARM's Are Considering Fixed-Rate Refinancing |
Ruth Simon wrote an article recently about the marketing focus for mortgage lenders across the country. Many of the top banks are aggressively contacting borrowers with existing adjustable-rate mortgages, trying to persuade them to refinance into fixed-rate loan with their company.
 
According to the Wall Street Journal, many of the leading mortgage institutions have shifted their marketing towards a direct-mail solicitation a few months before their interest rate on their ARM increases. Wells Fargo is tapping public records to identify borrowers with ARM's from other lenders who may be candidates for refinancing. It also is seeking referrals from real estate professionals and builders.
Mortgage-industry profits rose 81% between 2001 and the industry's peak in 2003, according to the Mortgage Bankers Association, but have shrunk as loan volume has declined. As loan volume declines, mortgage companies are trying "to drum up that last little bit of business", says Amy Crews Cutts, deputy chief economist at the mortgage finance company Freddie Mac. "They have too much time on their hands and too many employees sitting around."
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Ask your loan officer about the latest home loans options available to you.
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