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No Equity Second Mortgages
Typically for most mortgage lenders, equity is essential for qualifying for a home equity or second mortgage loan. Nationwide offers no equity second mortgages for qualifying borrowers seeking cash-out for debt consolidation or home improvement financing. Fixed rate second mortgage loans up to 125% combined loan to value. No equity in your home is required! First Time home-buyers OK! Credit Rating: Good/Fair or Excellent. Key qualifiers: residual income, credit score, and full documentation.
125% Second Mortgage Loan - Fixed Rate
No Equity Second Mortgage |
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Fixed Interest Rate Refinancing |
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No Equity Needed! |
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Loans to 125% of home value |
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Cash Out for Credit Card Consolidation |
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Save Thousands of Dollars a Year |
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2nd Loans for All Types of Credit |
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Consolidate all of your Bills into One Low monthly Payment. |
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Combine 1st & 2nd Mortgage together |
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1st time Homebuyer Programs |
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125 Second Mortgage: Consolidating Debt with a Simple Interest Loan |
As many of you already know, consumer debt is at an all-time high, and if you have credit card bills mounting each month it may be time to consider a 125% second mortgage. This 2nd loan, requires no equity, and the loans can even exceed the value of your home. Jason Pizzinat, an experienced loan officer says,"125 loans have saved my clients money, and in some cases have helped them avoid bankruptcy."
For the complete article and more by Lynda Nelms, please visit ezinearticles.com/?expert=Lynda_Nelms |
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