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Nebraska Second Mortgage
The State of Nebraska has set forth fee limitations for brokers to not be allowed to charge more than five percent of total lending fees. For example if a homeowner from Omaha took out a 2nd mortgage for $60,000, the total APR affecting fees could not exceed $3,000. This keeps lending cost effective and the feedback for people borrowing more than $35,000 has been fairly positive. Unfortunately, some consumers have found it tough to take out a small home loan because of the state fee limitations.
- No Pre-Pay Penalty Options for NE homeowners
- First-time Homeowners OK
- Competitive 2nd mortgage rates
- No Mortgage Insurance Required
- Second Mortgages for All Types of Credit
- Refinance 1st and 2nd Mortgages together
- Convert ARMs to Fixed Rates
Local Tips From The Underwriting Mortgage Pros:
COFI Stands for Cost of Funding Index. Since 1981, The 11th District has been published by the Federal Home Loan Bank of San Francisco.
J. Nelms, Nebraska Mortgage Lender at Omaha Mortgage Associates
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Nationwide Mortgage Loans offers Nebraska homeowners low rate 2nd mortgages. |
Consider a new home equity loan or refinance your existing 2nd mortgage while the interest rates are still at record lows. Nationwide specializes in subordinate financing for Mid-West debt consolidation. Our second mortgages are offered to people for can paying off high interest debts, financing home improvements and in some cases get extra cash.
Ask your Nebraska loan consultant about possible state fee restrictions or program limitations that may be applicable based on your credit score or job history. Home mortgage rates may vary depending upon state, and type of amortization schedule.
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. If you feel more comfortable speaking directly with licensed loan officer by telephone, please call 1-800-242-6986.
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| Resource Tools |
Loan Comparison Calculator
This calculator will help you to compare the total mortgage interest charges of 4 types of loans.
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To speak with a loan officer live
Call 1-800-242-6986
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