 |
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.
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.
- 125% Second Mortgage 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. |
FHA Home Refinance Loans Offer Fixed Rates |
FHA Home Mortgages offer 30-year fixed interest rate terms. FHA loans are offered up to 97% rate and term or 95% for refinancing terms with cash out or debt consolidation.
In 2007, the government introduced the FHA Secure loan to aid San Diego homeowners who have fallen behind on their mortgage. Thousands of California borrowers have suffered financially because their adjustable mortgage rate has been rising. Unfortunately most San Diego residents do not qualify for conventional refinancing because guidelines have tightened and property values have deflated. California mortgage rates have fallen to all-time lows, giving borrowers another opportunity to refinance into a fixed rate loan. |
FHA home loans offer low fixed mortgage rates.
|
| Also see 2nd loan options for FHA Streamline Refinance and Mortgage for Bad Credit |
| 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.
--------------------------------------------------------------------------------
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) |
|
|
|
| Free Finance Guides & Helpful Consumer Reports |
Take advantage of our free guides and disclosures that help 1st time homebuyers.
|
- Find Low Rate 2nd Mortgages
Compare Loans Now
No Equity Required
Stated Income Loans
• 125 Second Loans
• Low Rate Refinance
• Cash Back
• Debt Consolidation
Apply online today!
Click Here for Free Quote
- Lower your payments by consolidating your credit card debt into a fixed rate loan that will put more money in your pocket.
Click Here for More Loan Info |
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. |
|
|
