Mortgage Refinance Loans for Foreclosure Prevention

Mortgage refinance loans can prevent foreclosure if borrowers act fast with refinancing options to avoid payment defaults. FHA loans or hard money second mortgages can also prevent foreclosure if homeowners refinance prior to being forced out of their home. We are a FHA mortgage lender offering foreclosure prevention with short sales second mortgages, FHA refinancing and hard money home equity loans for debt consolidation and cash out to avoid losing your home. Sometimes a refinancing can save you from a foreclosure. Foreclosures go into effect when a homeowner does not make his or her mortgage payment for an extended period.

Can I take out a second mortgage to get my first mortgage caught up and prevent a foreclosure?
Save your home with a second mortgage from Nationwide!
Taking out a 2nd mortgage may be an option to get your 1st mortgage caught up, but you need to have enough equity in your home for this to be a consideration. In most cases you will need to be less than 70% combined loan to value to qualify for a 2nd mortgage if you have a reported 120 day mortgage late on your credit report.

Usually a lender will begin the foreclosure process after the borrower has missed 3 months in a row of mortgage payments. Second mortgages can help prevent a foreclosure in some cases. If you are late on your mortgage payments, and you need cash to get caught up, then consider a second mortgage loan so you can stop the foreclosure proceedings.

Nationwide Mortgage Loans provides wholesale second mortgage solutions to help homeowners get cash, finance home improvements and consolidate their bills to lower interest and save money. Find out how much our clients are saving each month year by getting the lowest possible interest rates with our wholesale loan programs.

Fixed Rate Refinance Option with FHA

FHA Home Mortgages offer low rate 30-year fixed rate loans for borrowers who have been late on their mortgage after their payment adjusted. FHA home loans that are offered up to 97% rate and term or 95% for refinancing terms with cash out. (credit scores are not a factor, but mortgage history is critical).

The FHA Secure loan was released specifically to assist foreclosure prevention. Millions of borrowers have had been suffering with adjusting mortgage rates and many of them are unable to afford their new variable rate payment. The FHA Secure give borrowers another opportunity to refinance into an affordable fixed rate mortgage.


FHA home loans offer low fixed mortgage rates
Also see options for FHA Streamline Refinance, FHA Home Loans and FHA Secure Refinancing.

Nationwide Mortgage Loans provides 2nd mortgage solutions to help you consolidate all of your bills into 1streamlined payment. Homeowners are shortening the pay-off terms by paying additional principal each month. Find out how much our clients are saving each month year by refinancing the revolving interest of their credit cards into a fixed simple interest second mortgage for significant monthly savings.

Second Mortgage Foreclosure

Fixed Rate Second Mortgages

Bad Credit 2nd Mortgages

Refinance Past Due Mortgages

1st and 2nd Mortgage Consolidation

Refinance Credit Card Debts

Pay off Collections

Avoid Foreclosure

Past Bankruptcy OK

Consolidate high rate loans and credit card debt now!


Additional 2nd Mortgage Loans to Consider:

Please view the popular loan products below. If you need more information, Please select the loan that meets your financing needs most. To get more details click the relevant link below that meets your needs and for further research and advice.

Second Mortgages to 125%

Home Equity Loan Consolidation

Debt Loan Refinance

Debt Consolidation 2nd's

Fixed Second Mortgage to 100%

Bad Credit Equity Loan

*Second mortgage and home equity loan approvals are subject to application submission to Nationwide Mortgage Loan Company. The standard conditions for approvals are underwriting qualifications such as: verification of income, employment, assets and other information like obtaining an acceptable property.



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


Speak with a live loan officer Call 1-800-242-6986

Related Second Mortgage Pages:
Adjustable Rate | Pre-Payment Penalty | Terms | No Documentation | Affordable Second Mortgage | Low Closing Cost Loans | Second Mortgage Refinancing | Interest Only | 80% | 90% | 95% | 100% | 105% | Second Mortgage Loan Update for 125%
Rate Assumptions | Home Equity & Mortgage Handbooks | Apply Now | About Us | Contact Us | Testimonials | Privacy | Site Map
Nationwide Mortgage Loans, 515 Encinitas Blvd. Ste 100, Encinitas CA 92024, 1-800-242-6986
Nationwide is affiliated with a federally chartered bank located in Maryland licensed to offer home loans in all 50 states.
Copyright © 2001-2008, Nationwide Mortgage Loans, BDnationwidemortgage.com. All rights reserved. Do not duplicate in any form.