Second Mortgage Loans

Leave your first loan alone and borrow more money with the best 2nd mortgage loan offering cash out, credit line refinancing or debt consolidation. Nationwide offers premium fixed rate second mortgage loans, FHA refinancing and home equity credit lines for cash out and payment reduction with home mortgage refinancing above the value of your house. If you are seeking cost effective second mortgage loans from a trusted online leader, then you have found the right website. Our lenders provide competitive rate mortgage loans and second mortgages for homeowners with all types of credit. We offer a comprehensive variety of 2nd mortgages to maximize your home's equity. If you are considering taking out a new home equity loan for cash out, but don't want to refinance your low rate first mortgage, then you have come to the right website.

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Lock into the Best Second Mortgage Loan Available Online

Nationwide guarantees the best 2nd mortgage rates online and remain centered on providing consumers extensive options for second mortgage loans at reduced interest rates. Now more than ever, we offer the biggest variety for equity loan products online. Get approved for a second mortgage that you can use to fund home improvements or to consolidate adjustable rate debt. If your credit is good, no equity is required to qualify! Apply for a Second Mortgage Loan and Borrow up to 125% of your homes appraised value.

  • Cash Out for Second Home Loans
  • Stated Income 2nd Mortgages to 100%
  • Bad Credit Home Equity Loans
  • Interest Only Payment Choices
  • 2nd Mortgage Behind Negative Amortization
  • Fixed Rate No Equity Loans
  • Reduced Rate Bill Consolidation
  • Tax Deductible Mortgage Interest
  • Refinance your Adjustable Rates
  • Sub-Prime Second Mortgages
  • Convert HELOC to Fixed Rate
  • No Pre-Payment Penalty Options
  • Finance Home Improvements
  • Combine 1st and 2nd Mortgages

Do you need cash but do not want to refinance your 1st mortgage?

Find out how much you can get cash without be required to refinance your existing first mortgage. Nationwide is considered by thousands of homeowners to be the "Second Mortgage Authority" because for the last ten years they have leading the home equity loan origination online. Find out why their clients keep coming back to them for second mortgage loans. Their financing team will help you save each year by refinancing your revolving debt into a new second mortgage loan with increased tax advantages and reduced monthly payments.

Looking for Cash Out Loans with Fixed Rates?

Many homeowners take advantage of 2nd mortgage loans when looking for help to raise capital for the down payment of a vacation home or rental property. We can connect you to lenders that specialize in second mortgage loans for cash out to purchase another property.

Take advantage of record low interest rates that can ensure the affordability of a real estate investment. 2nd home sales have been soaring in states like California, Arizona, Oregon, Idaho, Utah, Texas and Florida.


Shop Second home loans for low mortgage rates.
Also see 2nd loan options for FHA Streamline Refinance and Mortgage for Bad Credit

Finance Scenario
Identify the right loan
for your situation

Loan Solution
Get more information and get a
Free quote with no obligation.

Your home equity line has an adjustable rate that keeps going up. Or, if you've maxed out your Line of Credit. Fixed Rate Second Mortgage
If you are a 1st time home buyer and considering buying a home No Money Down Home Purchase Loans
Looking to remodel your home, add a pool or replace the roof, etc. Look at your financing options. Home Improvement Financing
If your Credit card payments are increasing. Consolidating debt without refinancing your home may be a good idea. Debt Consolidation 2nd Mortgages
If you want the Lowest possible payment to free up your cash flow. Interest Only Mortgages w/ Low Monthly Payments
Refinancing your existing 1st mortgage may offer you many possibilities for a better rate or getting cash Refinance Loans
Very popular mortgage that gives you 4 payment options each month. Option Arm Mortgage w/ Low Intro Rate
If you have had problems in the past with your credit, it couldn't be a better time to re-examine your options with home equity, and you can re-establish your credit at the same time. Bad Credit Second Mortgage
If you want to have access to cash, but you don't want to pay interest until you use it. Home Equity Line of Credit
Home improvement projects, debt consolidation and investments are few common reasons for cashing out home equity. Home Equity Loans -Cash Out
Lowering your payments and Improving your credit score. Bad Credit Refinance Mortgage

New Second Mortgage Loan Updates

Get updated rate changes for home equity loans online. Review the details for updated second mortgages with various loan programs for all types of borrowers.

Second Mortgage Products - Fixed, adjustable and interest only 2nd mortgages and credit lines Refinance Programs - Compare and contrast between various home equity loans.
Popular Second Mortgages - Find out what home equity loans are hot. Simple Interest Second Mortgages - Fixed interest rates are better for debt consolidation.

Consolidate Your Debt and Lower Your Monthly Payments with a Fixed Rate Second Mortgage
Loan Amount
Current Payments
Home Equity Payment*
Monthly Payment Savings
$30,000
$695
$262
$433
$50,000
$1,145
$436
$709
$80,000
$1,792
$699
$1,093
* This is a sample of refinanced credit debt to and assumes interest rate for the second mortgage at 9.5%.
Apply Now and find out how much you can save!

Home Equity Lines of Credit vs. the Fixed Rate Second Mortgage

Fixed rate second mortgages offer a fixed amount, with a fixed payment for a fixed term. Payment schedules range from 10 to 30 years. If you know how much you need, and you believe it will be many years before you can repay the loan, then look at the second mortgage with the fixed rate. Usually when you are consolidating long-term debt, the fixed rate loan makes more sense financially.

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The content from this page was inspired from the brochure "When Your Home Is on the Line." which is published by the Federal Reserve Board.

These brochures are available for Free!. To order the a free handbook, please visit federalreserve.gov/pubs/HomeLine

For more information, please go to ftc.gov/bcp/conline/pubs/homes/homequt.htm

Smart Tax Tips for Second Home Owners

Tax deductibility can be difficult to comprehend for owners of second homes and investment properties.

And with 6.8 million vacation homes in the United States - on top of the more than 37 million investment units - it's safe to say that there are plenty of owners looking for some smart tax advice.

Janet Novack offers 4 tips that will help owners avoid paying too much money to Uncle Sam. For more detailed information, consult a tax expert.

Pay cash. You can duck the rules on passive losses by paying cash for the property.

Research mortgages. Don't take out a mortgage out on a paid-up house and use the cash to buy a second home. The IRS doesn't always allow these payments to be deduced as personal mortgage interest.

Be an active landlord. Living in a different state and hiring someone to pick out tenants will cause the IRS to take a closer look. If you want to take deductions, you must actively participate in the management.

Use your home. According to the IRS, If you stay in the house for 15 days or more, not including days you're really working on the properties, and for more than 10 percent of the total days it's in use, it becomes a mixed-use property instead of a pure investment property. You should be able to claim itemized deductions for a large portion of the mortgage interest & taxes.


Additional Community Resources

The Federal Trade Commission has tips on credit cards and understanding the rates & terms. For more information, please visit ftc.gov/bcp/conline/pubs/
credit/choose.html

Maryland residents can seek counseling for Home Improvement, Rehabilitation & Homebuyer Education Programs For more information, please visit Cumberland Neighborhood Housing Services at cumberlandnhs.org

Florida residents can get free assistance with Home Equity Conversion, Fair Housing, Loss Mitigation & Relocation Counseling For more information, please visit Family Housing Advisory Services at: fhasinc.org

Free counseling for Finance Education Programs, Outreach Initiatives & Default Resolution For more information, please visit Virginia Housing Development Authority at: vhda.com

Assistance for Massachusetts ' residents needing advice with Debt Management, Homebuyer Programs, & Services for Homeless. For more information, please visit Citizens' Housing and Planning Association At: chapa.org

Utilize Outreach Initiatives & Counseling for 1st time Homebuyers For more information, please visit Washington homeownership center at: homeownership-wa.org

Second Mortgage Checklist

Frequently Requested Documentation for a
Second Mortgage - Full Doc

1 month of Pay Stubs from your employer for each applicant

W2's or 1099's from all your employers for the Past 2 Years

Copy of Driver's License & Social Security card

Mortgage Coupon or copy of Monthly Mortgage Statement

Mortgage Note on your current 1st mortgage

Deed of Trust  

Declaration page of Home Owner's Insurance Policy

HUD-1 Settlement Statement (if you refinanced a mortgage in the last 12 months)


Frequently Requested Documentation for a
Second Mortgage - Stated Income

Copy of Driver's License & Social Security card

Mortgage Coupon or copy of Monthly Mortgage Statement

Mortgage Note on your current 1st mortgage

Deed of Trust

Declaration page of Home Owner's Insurance Policy

HUD-1 Settlement Statement (if you refinanced a mortgage in the last 12 months)


Resource Tools

Loan Comparison Calculator
This calculator will help you to compare the total mortgage interest charges of 4 types of loans.

Debt Investment Calculator
Understand how much interest you can save by eliminating debt.

Exclusive Loan Videos


Free Finance Guides & Helpful Consumer Reports

Take advantage of our free guides and disclosures that help 1st time homebuyers.

Equity Credit Line Fed Tips
Understanding Credit Scores

- Find Low Rate 2nd Mortgages
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No Equity Required

Stated Income Loans

•  125 Second Loans
•  Low Rate Refinance
•  Cash Back
•  Debt Consolidation

Apply online today!

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- Lower your payments by consolidating your credit card debt into a fixed rate loan that will put more money in your pocket.

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Second Mortgage Rates

Get accurate information from a professional loan officer. No cost with no obligation.

Find out current rates for Fixed 2nd mortgages & rates for the variable home equity lines of credit.

 


Related Second Mortgage Pages:
No Documentation Mortgage | Low Closing Cost Second Mortgage | Preferred Second Mortgage Loans | Second Mortgage Specials | Fast & Easy 2nd Mortgages | Second Mortgage Foreclosure | Refinancing Second Mortgage | 80% | 90% | 95% LTV Mortgage | 100% Mortgage | 105% | 115% | 125% Mortgage | Second Mortgage for Consolidation | Second Mortgage Products | 125 Mortgage Combo | Home Loan for Bad Credit | Cash Out Refinance | Home Equity Mortgage Loan Demand Soars
Apply Now | Disclosures and Terms | Second Mortgages | Testimonials
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit. 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 for 2nd mortgage loans in all 50 states. Copyright 2001-2012 & Beyond, Nationwide Mortgage Loans - BDnationwidemortgage.com is a website and cannot make loans.
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