Nationwide Mortgage Loans is premiere second mortgage broker who specializes in subordinate home mortgage solutions for people with all levels of credit.
Homeowners should take advantage of our low rate guarantees for second mortgages, home equity loans and credit lines.
Consider a 2nd mortgage when you already have a great 1st mortgage interest rate fixed and locked for a period over ten years. There is no reason to refinance a $400,000 mortgage if the interest rate is under 6% and the rate is fixed.
Find out which way 2nd mortgage rates are headed
Let our experienced loan officers find you the perfect solution for cashing out your home equity that does not require you to refinance your existing first mortgage. Our team will help you compare interest rates and loan terms and they will explain to you the underwriting conditions that are attached to each loan approval.
Second Mortgage Loan Options
Fixed Rate Second Mortgage Second mortgages are secured to your trust deed like your first mortgage. In most cases, they have fixed interest rates and are considered closed end because the money is received up front in a lump-sum at the close of escrow. 2nd mortgages have standard loan terms with simple interest amortization schedules. (15, 20, 25 or 30 year terms).
Home Equity Line of Credit Home equity lines are the exception to the fixed rate rule because they are the one and only adjustable rate 2nd mortgage. The interest varies and they offer a revolving line of credit that works similar to a credit card. Like the fixed rate 2nd mortgages, credit lines are secured by your home.
Nationwide Mortgage Loans continues to be an online leader for second mortgages because year in and year out they always keep their focus on subordinate financing by offering home equity loans for all types of homeowners. Call 1-800-242-6986 to get more information from a professional loan officer.
All you ever wanted to know about Second Mortgages!
Call 1-800-242-6986
Are your credit line rates going up? Lock into a fixed rate second mortgage loan and enjoy the savings each month. Fixing the rate is a great hedge against inflation.
Resource Tools
Loan Comparison Calculator
This calculator will help you to compare the total mortgage interest charges of 4 types of loans.
