Second Mortgage Terms

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

Free Second Mortgage Quote

7 Reasons to Refinance with Nationwide for a Second Mortgage!
  1. No Mortgage Insurance with any of our 2nd Mortgages!
  2. Interest Only features are available with Fixed Rate Conversions
  3. No minimum draw for HELOC's
  4. 125% Refinancing
  5. Loans for Manufactured Homes
  6. Stated Income Loans up to 100%
  7. 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.

Fixed Rates Purchase Loan Refinance or Second Mortgage
Adjustable Rates 2nd Mortgage Home Equity Line or Refinance
Interest Only Home Loan Refinance or Home Equity Loan
Bad Credit Loans Refinance or Purchase Bad Credit Second Mortgage
Second Mortgage Refinance or
Debt Consolidation
Second Mortgage Refinance
Home Improvement Home Equity Loan Refinance or Second Mortgages
Line of Credit Home Equity Line Second Mortgage Loans
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.

 

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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?


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Related Second Mortgage Pages:
30 Year Fixed Rate Second Mortgage | Interest Only Second Mortgage with Fixed Rate | Home Loan for Bad Credit
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. Nationwide is affiliated with national lenders and a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright 2001-2010 and Beyond, Nationwide Mortgage Loans - BDnationwidemortgage.com is a website and cannot make loans. All rights reserved.