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Interest Only Second Mortgage with Fixed Rate
Nationwide Mortgage Loans offers interest only second mortgage loans with fixed rates for the ultimate low monthly payment. We provide the interest only feature for savvy borrowers who want to be protected with the fixed interest rate yet want the flexibility to preserve their cash flow if need with the minimal interest only payment.
Borrowers can utilize the interest only feature with our second mortgage products up to 100%. Borrowers seeking the 125% home equity loan are only offer the traditional fixed rate amortization that include the principal and interest payments.
Our exclusive fixed rate-interest only products help homeowners maximize their finances in an ever changing economy. Many of our customers are self-employed homeowners who need the ability to make a reduced payment when their capital is extended. |
Reduced Payment Option 2nd Mortgages!
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Borrowers who want the interest only 2nd mortgages can choose from the adjustable rate credit line or the fixed rate equity loan. The interest only option is available with most terms for the first 5 or 10 years of the loan. This introductory period is referred to as the draw period and when that period passes the remaining amount owed turns into the standard principal and interest term.
Interest Only 2nd Mortgage Loans for Security and Flexibility |
- Cash Out or Debt Consolidation
- Reduced Monthly Payment Options
- Competitive Fixed Mortgage Rates
- Home Equity Credit Available
- Prime Rate Revolving Line of Credit
- Minimized Loan Payments with Interest Only
- Self-Employed Loan Programs with Reduced Income Documentation
- No Annual Fee & No Close Out Fees for Credit Lines
- No Pre-Payment Penalty Option
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Enjoy the Security of a fixed rate 2nd mortgage with the flexibility of reduced payment options with interest only features for improved cash flow. |
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