Consider interest rates, amortization, loan costs, benefits, and affordability when comparing refinancing terms between fixed rate 2nd mortgages and adjustable rate credit lines. Compare fixed interest and adjustable rate home equity side by side so you can make sound financial commitments.
The second mortgage terms have many different amortization options ranging from 10 to 30 years. There are also fixed rate options or interest only loans also known as home equity lines of credit.
Various Second Mortgage Terms
• 10 Year Fixed Rate Second Mortgage
• 15 Year Fixed Rate Second Mortgage
• 20 Year Fixed Rate Second Mortgage
• 25 Year Fixed Rate Second Mortgage
• 30 Year Fixed Rate Second Mortgage
• 30 Year Fixed Rate Second Mortgage with 15 year Balloon
• 10 Year Interest Only Draw/ 10 year Re-payment
• 10 Year Interest Only Draw/ 15 year Re-payment
• 5 Year Interest Only Fixed Rate Second Mortgage
7 Reasons to Refinance with Nationwide for a Second Mortgage!
No Mortgage Insurance with any of our 2nd Mortgages!
Interest Only features are available with Fixed Rate Conversions
No minimum draw for HELOC's
125% Refinancing
Loans for Manufactured Homes
Stated Income Loans up to 100%
Second Homes Mortgages to 95%
Second mortgage credit terms for loans, rates and services offered may not be available to residents in certain states. State restrictions may apply. For updated licensing info please mail request to Nationwide Mortgage Loan Company. For Adjustable rate mortgage loans APR calculations are based from the index & Lender based margins. All second mortgage programs are subject to lending & underwriting approval. Unfortunately, not all loan applicants will be approved.
More Information * Mortgage Rates * Free Loan Quotes * All Credit Levels
To get more information that is specific to your needs and credit qualifications for any of the following: second mortgage guidelines, mortgage rate quote, credit repair loans, applications online, or for a Free Loan Quote from a professional loan officer: Please click the Relevant Link Below.
All loan programs are subject to lending & underwriting approval. Not all loan applicants will be approved. Loan Products & services offered may not be available to residents in certain states. State restrictions may apply.
Mortgage Term Comparison Calculator
Which home mortgage term is best for your situation? Compare the terms for home purchase, refinance home equity and second mortgage loans.
Resource Tools
ARM vs. Fixed Rate Calculator
How does a fixed rate 1st or 2nd mortgage compare to an adjustable rate mortgage or home equity line of credit?
