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Construction Financing with Home Equity
One of the most popular home improvement purposes for financing is home renovation and new home construction.
We offer prime and sub-prime lending products with many different 2nd loan programs for you to choose from.
Nationwide offer premiere construction financing programs for homeowners who want to build their dream house. Depending upon your goals, you should consider both options for both open-end lines of credit and closed-end second mortgages.
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Get a 2nd mortgage and finance a new construction! |
Use the present value plus the cost of construction to determine the value that the underwriters will be using to evaluate your loan request.
Select from interest only or principal and interest with lump-sum cash out equity loans. 125% loans are available with no equity required for qualifying borrowers who meet the credit guidelines.
You have many payment options with terms ranging from 15-30 years. Nationwide Mortgage Loans will help you finance home construction without requiring you to refinance current home mortgage.
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