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110% First Refinance
Nationwide Mortgage Loans offers many fixed rate mortgage refinance programs. The 110% mortgage refinance is a very unique loan program, because there is only one loan and the mortgage balance exceeds the homes value. The 110% 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. We offer a 30 year fixed rate home loan that ensure a fixed interest rate that is fixed for the entire term of the loan. In addition, Nationwide offers home equity, second mortgage and refinance loans with a fixed or adjustable interest rates. Payment Example 110% CLTV:
$320,000 30 Year Fixed First Mortgage at 7%
360 Monthly Payments at $ 2,128.97
With the 110% fixed rate refinance, you can tap your homes equity all the way to 110% 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.
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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ARM vs. Fixed Rate Calculator
How does a fixed rate 1st or 2nd mortgage compare to an adjustable rate mortgage or home equity line of credit? |
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