40 Year Fixed Rate Mortgage Refinance
Low Payment Refinancing

Nationwide offers low fixed rate payments options, like the 40-year mortgage loan programs. Refinancing into a 40-year mortgage reduces the monthly payment when compared to a 30-year loan. Forty year loan payments are similar to an interest only payment, but with the 40-year term borrowers are paying towards the principal balance each month. You can choose between fixed rate mortgages and payment option mortgage with pick a payment loan options, or negative amortization loans for all types of credit. If you want more purchase power or lower payments then talk to your loan officer about the 40-year mortgage that stretches the term to minimize the monthly payments.

Lower Your Monthly Payment with an Affordable Fixed 40-Year Mortgage

Select the right home mortgage: Conventional, jumbo, FHA & VA streamline, option arm, negative amortization, and non-conforming subprime mortgages for refinancing regardless of your fico score or poor credit history. Refinance Your 1st and 2nd Mortgage together for one low payment with no mortgage insurance required.

40 Year Fixed Rate Mortgage

580 Fico Scores OK

Fixed Rate Payment Option

Get Money to Consolidate Debt

Refinance Variable Rate Loans!

Conventional or Non-Conforming Loan

40-Year Mortgage Rates at 4%

Affordable Home Loan Terms
Alternative Refinancing Solutions

40 Year Mortgage Loans Ensure the Lowest Monthly Payments

A $295,000 at 6.25% comes out to $1,816 a month on a 30-year amortization, for instance. But with the same rate, the principal &interest payment is reduced to $1,675 on a 40-year amortization. The payment is lower and there's no increase to the interest rate or the fees. Extending the term of the mortgage from 30 to 40 years reduces your monthly payment and in some cases the reduced debt to income ratio allows you to get approved for a bigger loan amount.

Whether you have good or bad credit, we have non-prime home loans that may meet your needs. Nationwide offers both prime and subprime loan programs with 40-year mortgage terms, so discuss your eligibility with a loan officer.

Click Here for a Fixed Rate 40 Year Mortgage

Consolidate your debts and existing high-rate line of credit with a fixed rate mortgage amortized over forty-years. Refinance your existing 2nd mortgage loan and your current 1st mortgage with one low rate fixed rate mortgage. Consolidate your mortgages, loans and credit card debt into one low monthly payment now! A 30 or 40-year mortgage from BD Nationwide can help consolidate your debt into one low monthly payment saving you thousands of dollars a year by eliminating the compounding interest.

 

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