Mortgage Refinance Guidelines

Understanding the mortgage guidelines is imperative for shopping for refinance loans efficiently online. Recently, there have been major changes in respect to FHA guidelines, VA and streamline guidelines. More income and home equity seems to be the trend with mortgage refinance guidelines in 2010. Refinance lenders offer several types mortgage loans for rate refinancing, cash out and debt consolidation. Homeowners can select from FHA, VA, 30 year, 40 year, fixed, variable, interest only, option ARM and home equity loans. Most refinance loans offer the choice of a fixed or adjustable rate term for refinancing.

Today many borrowers are aimlessly searching for a refinance solution that will refinance their escalating adjustable rate mortgages into a fixed rate mortgage that meets the demands of their family budget. Refinancing your mortgage online can be daunting, so it is imperative that you work with a trusted mortgage lender, like Nationwide.

Nationwide Mortgage Loans has implemented several refinance loan programs to assist borrowers with lowering their monthly payments to free up their cash flow.

Check out our updated guidelines for refinance loans that feature simple interest amortization with options for "no pre-payment penalties, "no lender fees, and of course "no points."

Home loan refinancing is a critical financial decision that merits careful consideration. Choosing a fixed or adjustable rate has a long lasting impact, so select your refinance loans wisely.


Refinance Loan Guidelines
Refinancing Terms
Amortization Schedules for mortgage loans

15 year
30 year
40 year
50 year
Maximum Mortgage Refinance Limits Loan Amount- $3,000,000
Income Documentation Requirements: Full Documentation
Stated Income
Verified Employment
No Asset Verification
Loan Purpose Cash Back
Loan Consolidation
Home Improvement
Rate and Term Refinance
Ownership Type Primary Residence, Owner Occupied, 2nd Home, Investment
Home Types SFR 1-4 unit, PUD, Condo unlimited stories
Appraisal . Statistical Appraisal
. 2055 Drive-by Appraisal
. Full URAR Appraisal
Credit Reports Lower of 2 credit bureaus and Middle of 3 bureaus
High Credit Score
Borrower Eligibility U.S. Citizen; Permanent Resident Alien;
First-Time Homebuyer; Non-Occupant
Co-Borrower; Non-Permanent Resident Alien.

Our lending commitment provides homeowners with "out of the box" loan products that help refinance, consolidate and lower your monthly payments to maximize savings.

Recent Refinance Posts from Nationwide Mortgage Blog
Family

 

Preferred Loan Type
Property Type
Property Value
Credit Rating


Resource Tools


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?

Cash Out Refinancing

Interest rates could be on the rise. Find out today's mortgage refinance rates and lock into a fixed rate mortgage that saves you cash each month.


FHA Home Loans


Mortgage Refinance Blog


2008 FHA Mortgage Limit

 

Additional Refinancing Pages:
Refinancing after a Bankruptcy | Second Mortgage Refinance | Adjustable Rate Refinance | Loan Overview | Mortgage Refinance Options |
100% Mortgage Refinancing | Bad Credit Refinance | Cash Out Refinance | Sub-Prime Mortgage Refinancing | Mortgage Refinance Guidelines | Rate and Term Refinancing | 30-Year Fixed Rate Refinance | Discount Rates for Mortgage Refinance Loans | No Cost Mortgage Refinance
Other Popular FHA Refinance Loans:
FHA Refinancing Loans | 97% FHA Refinance Loans | FHA Streamline Refinance
Apply Now | Mortgage Refinance Rates | FHA Mortgage Loan State Guidelines | Home Loan
Nationwide Mortgage Loans, 515 Encinitas Blvd. Ste 100, Encinitas CA 92024
Nationwide is affiliated with a federally chartered bank located in Maryland licensed to offer home loans in all 50 states.
Copyright © 2001-2010, Nationwide Mortgage Loans, BDnationwidemortgage.com. All rights reserved. Do not duplicate in any form.