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125% Fixed Rate Second Mortgage
Nationwide Mortgage Loans offers 125% fixed rate second mortgage loans for refinancing high rate debt and financing home improvements. We continue to provide many competitive fixed rate 2nd mortgage loans up to 125% combined loan to value.(cltv) One of the most popular home equity loans is Second Mortgage 125%. This loan is for people who do not have much or any equity in their home. After their new 125% second mortgage the borrower can exceed their home equity by as much as 25%. 125% mortgages have become very popular with first time homebuyers who haven't had enough time to earn equity in their home, but need quick access to cash for remodeling or buying items to furnish their home.
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Fixed Rate Second Mortgage |
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Up to 125% combined loan to value. |
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First Time Home-buyers OK |
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Credit Rating: Good or Excellent. |
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Key qualifiers: property value, credit score |
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Income Documentation: Full Documentation only for 125 programs: Borrowers will need to supply W2's, paystubs, etc. |
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125% Second Mortgage Terms
- 15 Year Fixed Rate
- 20 Year Fixed Rate
- 25 Year Fixed Rate
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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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