 |
Simple Interest Second Mortgages
Nationwide is a premiere second mortgage broker who offers simple interest second mortgages and fixed rate home equity loans for debt consolidation. One of our primary goals is to help homeowners with refinancing so they can realize lower payments and eliminate compounding interest to maximize their savings.
Remember the saying, "Every penny saved is a penny earned..." Simple interest second mortgages are the answers to many homeowner prayers this year because they offer a fixed rate solution that can save you hundreds of dollars a month. Fixed rate second mortgages are amortized with a simple interest rates are a lot like the "traditional 30-year fixed" loans. Industry experts point out that that closed end second mortgages actually have lower interest rates than the variable rate credit lines have at the moment. |
Simple Interest Loans Save You Money! |
If you already have a low interest rate on your existing loan, there is no better way to consolidate compounding interest debt from credit cards than with a second mortgage.
Nationwide Mortgage Loans provides over 100 second mortgage products of which most programs feature fixed rate amortization schedules with simple interest. We recommend that you take advantage of the current market conditions that are promoting fixed rate second mortgages. If you are tired of wondering if your HELOC payment is rising now maybe the time to refinance your home equity line of credit and convert the variable rate to fixed interest that have set payments with specified terms an no periodic adjustments.
Fixed Second Mortgage Rates |
Do the Math & Save
Simple Interest Saves You Money!
|
| • |
Fixed Rate Installment Loans |
| • |
Bill Consolidation to 125% |
| • |
Finance Construction & 2nd Homes |
| • |
Consolidate Credit Card Debt and save hundreds each month |
| • |
Refinance all of your revolving credit cards |
| • |
Fixed Rate Home Equity Amortization |
|
Refinance Credit Card Debt and Reduce Monthly Payments with Simple Interest Second Mortgage Loans with Fixed Rates |
Loan Amount |
Current Payments |
2nd Mortgage Payment* |
Monthly Payment Savings |
$30,000 |
$695 |
$262 |
$433 |
$50,000 |
$1,145 |
$436 |
$709 |
$80,000 |
$1,792 |
$699 |
$1,093 |
* This is an example of fixed rate debt consolidation and assumes interest rate for the second mortgage at 9.5%. Apply Now and find out how much you can save! |
|
|
|
| Resource Tools |
Loan Comparison Calculator
This calculator will help you to compare the total mortgage interest charges of 4 types of loans.
Speak with a live loan officer Call 1-800-242-6986
|
|
|
