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103% Cash Out Refinance
Nationwide Mortgage Loans offers many fixed rate mortgage refinance programs. The 103% mortgage refinance is a very unique loan program, because there is only one loan and the mortgage balance exceeds the homes value. The 103% 1st mortgage allow you to cash out beyond the market value. This mortgage loan will allow you to eliminate the lending requirement of private mortgage insurance. Payment Example 103% CLTV:
$275,000 30 Year Fixed First Mortgage at 6.875%
360 Monthly Payments at $ 1,806.55
With the 103% fixed rate refinance, you can tap your homes equity all the way to 103% with a fixed rate second mortgage. You will also reap the rewards of a low rate and low payment that is stretched out over 30 years. In addition, Nationwide offers home equity, second mortgage and refinance loans with a fixed or adjustable interest rates.
Finance Tips and Loan Advice
Benefits:
Lower rate for 30
No Private Mortgage Insurance
Concerns:
Interest rate is quite a bit higher than traditional 1st rates
- Cash Out Refinance
- 125% Second Mortgages
- Debt Consolidation of High Rate Credit Cards
- Low Rate Home Equity Loans
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. |
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