Maryland Second Mortgage
Fixed Rate Refinance Loans

Nationwide broker offers East Coast homeowners low rate second mortgages, 125% home equity loans, 100% refinancing, and equity lines of credit for people with good and bad credit looking for debt consolidation. Residents from Maryland, Virginia, and Washington DC are offered special incentives with a Free AVM (automated value appraisal) when they submit a second mortgage application online. Borrowers across the country are reducing their debts by consolidating their credit cards into a fixed rate second mortgage.

  • First-time Homeowners OK
  • Competitive 2nd mortgage rates
  • No Mortgage Insurance Required   
  • Second Mortgages for All Types of Credit
  • 100% CLTV Behind a Payment Option ARM 1st mortgage

Maryland Homeowners are now offered a solution for personal budget crisis created from the rising payments for adjustable rate HELOC’s and credit cards. If you have been look for a fixed rate alternative, then consider refinancing now with a second mortgage from Nationwide.

Take advantage of East Coast incentives that are extended to homeowners residing in DC regions, including Maryland and Virginia. Ask you loan consultant about possible state restrictions and second mortgages rates that may vary depending upon region.

Is the Virginia & Maryland Housing Market still Bubbling or has the Housing Market Begun to Burst? James Joyner pointed out that new data released has shown in the past year, home sales in the Washington DC region have declined dramatically, the inventory of unsold homes is up significantly, and prices have become stagnant and, in some home prices have actually, dipped.

The price trend is quite evident in Northern Virginia, where most of the region's growth has occurred, but it is evident almost everywhere. Statistics on home sales released by Metropolitan Regional Information Systems Inc., the regional multiple-listing service, show that:

  • In the two counties and three cities that make up the Northern Virginia market, more than twice as many homes were available for sale in October as in the same month one year ago -- 7,122 homes, compared with 3,254 -- and sales are off 28 percent.
  • In the District, listings are up 62 percent and sales are down 28 percent.
  • In Montgomery County, listings are up 49 percent and sales are down 8 percent. In Prince George's County, the listings are up 45 percent.
But home sales have remained fairly stable, dropping only 2.6 percent. The last time the region had this many houses for sale was the late 1990s, the MRIS figures show.


Maryland State Loan and Credit Guideline Updates

Home values throughout Maryland have recently peaked at all-time highs. Take a look at the Overview for Maryland Home Mortgages.

Get a credit line or second mortgage and maximize the value of your home today. Find out what the local interest rates are for home equity loans and credit lines.
With home sales dipping slightly across the East Coast. It may be your last chance to refinance your adjustable rate mortgage or take out a fixed second mortgage at a competitive home equity rates.

Clearly housing supply is getting higher and the consumer demand has been reduced. Home prices have fallen from their summertime highs -- though prices fluctuate every month and often decline in the fall because summer is the busiest home-buying season. Nevertheless, some slides are evident almost everywhere: In the District, the median price -- the point at which half the houses cost more and half cost less -- was $425,000 in October, down from a high in August of $435,088. In Fairfax County, the peak was in July, when the median price was $503,000. In October, it was $489,450. The peak in Montgomery County was also in July, when prices hit $460,000; the median price in October was $429,000.

Joiner does find an exception in Virginia housing woes. Prince George's County, where October's price was an all-time high of $315,000 -- possibly because demand, spurred by prices that are still less expensive than elsewhere in the region, has remained high. Housing experts say the slowdown is occurring for several reasons. In the past few months, a lot of homeowners put their places on the market speculatively, hoping to cash in, creating a surge in housing supply. Many investors, whether speculators or landlords, have done the same, either because they believe the market has peaked or because they cannot make enough money in rent to support the mortgages.

They are finding fewer buyers because the double-digit price appreciation of the past few years has priced many people out of the market. The recent rise in mortgage interest rates, which causes monthly payments to rise, adds to price pressures. And now, with fears that the market has peaked, more people are simply afraid to buy.

Debt Consolidation Loans: Home Equity or Unsecured Loan?
Debt consolidation loans have become a popular way for Maryland homeowners to free up money each month by consolidating several monthly credit card payments into a single lower interest loan. But, the question is whether it's best to consolidate those debts into a home equity loan or an unsecured debt consolidation loan.

Maryland Mortgage Lending Law Update

Montgomery County, Maryland: second mortgage, home purchase and home equity lending has been resumed.

The Circuit Court of Montgomery County has enjoined the implementation of the County Council's law. The state judge ruled that the lending law cannot go into effect until "notice of the court" is given after the entire suit against the implementation of the law is heard.

The ruling has not been overturned but it prevents the legislation to move forward. In lieu of this, most mortgage lenders have resumed originating mortgage loans within that county. For more information, please visit www.mamb.org
Effective immediately and until further notice: Nationwide Mortgage Loans will resume originate mortgage loans within Montgomery County, Maryland

Nationwide Testimonial

"Although we had some credit problems a few years ago, you were able to refinance my mortgage and even open a line of credit as well. Nationwide Mortgage Loans understood our needs and provided us with a great solution. Thank you!"

T. Sampson-Annapolis, MD

Take a moment and complete our secure form online and a professional loan officer will contact you promptly with a Free Loan Quote. Remember there is No Obligation at all.

 

Resource Tools

Loan Comparison Calculator
This calculator will help you to compare the total mortgage interest charges of 4 types of loans.


Second Mortgage Guide


Client Testimonials

I consolidated my adjustable rate bills and saved almost $600 a month. The financing team at Nationwide kept the process simple and I had my money in about 2 weeks! Thanks!
J. Christie, Baltimore, MD

Adjustable interest rates could be on the rise at any moment. Call Nationwide today and find out how easy it is lock into a fixed rate second mortgage that can lower your rates and get you access to additional cash!

ARM Rate Mortgage- Guide

>> Baltimore Mortgage Rate Update

>> MD State Limits for 2nd Mortgages

 

More Related Maryland Pages:
Maryland Mortgage Refinance | Maryland Home Equity Rates | Maryland Second Mortgage | Maryland Home Equity Loans | Refinancing to Avoid a Foreclosure
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