80-20 Mortgage Refinance enable homeowners to qualify for 100% home refinancing without being required to carry mortgage insurance. Nationwide Mortgage Loans offers many fixed rate mortgage refinance programs, but the combination loans have become very popular again. The combination consists of an 80% 1st mortgage and a 20% second mortgage that work together so you can cash out and refinance up to 100% of your home's value. These con-current loans will allow you to eliminate the lending requirement of private mortgage insurance.

We offer 30 or 40 year fixed rate home purchase mortgages 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.

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80-20 Payment Example:
$400,000 40 Year Fixed First Mortgage at 6%
480 Monthly Payments at $ 2,200.85

$100,000 30 Year Fixed Second Mortgage at 8%
360 Monthly Payments at $ 733.76

With the 80-20 fixed rate purchase mortgage, you don't have to come out of pocket for the 20% down payment that most traditional purchase loans require.  In addition, you will benefit from a low rate and low payment that is stretched out over 30 or 40 years. Top loan experts believe that it is important for borrowers to be confident when taking a loan on against your home.

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Benefits:
No Money Down
Lower rate for 30 or 40 years
No Private Mortgage Insurance

Concerns:
Monthly payments can be costly with no money down
Second mortgage rate is quite a bit higher than 1st rates.

• 100% Financing
• Purchase Money Second Mortgages
• Debt Consolidation of High Rate Credit Cards
• 100% Home Equity Loans