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Utah Home Equity Rates
2nd Mortgage & Equity Loan Refinancing - Check with Loan Officer for State Specific Pricing
Nationwide offers home equity, second mortgage and refinancing loans with a fixed or adjustable interest rates. We offer loans for Utah residents seeking cash or simple rate and term refinancing. We offer a wide variety of mortgage refinancing programs for homeowners who need to access money, but prefer not to pay off their existing mortgage in the process.
At this time, home equity loans are the most popular form of subordinate financing at the moment, and with fixed rates lower than the adjustable rate, its no wonder why the popularity has increased. |
Utah applicants can set up a Home Equity Credit Line and Get a Free AVM with every loan approval. |
A Few Common Reasons for Utah Homeowners Getting Second Mortgages:
- Refinancing Current Adjustable Rate
- Additional Tax Deductions
- Elimination of Mortgage Insurance
- Debt Consolidation of High Rate Credit
- Furniture for New Homebuyers
- New Home Construction
- Financing a Start-up Business
- Purchasing a Utah Vacation Home
- Installing a Swimming Pool
- Remodeling your Home
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| Don't wait any longer, Call 1-877-212-9478 to speak with a seasoned loan professional live. We offer a helpful consultation that includes a free loan quotes with no obligation. |
Whether you are purchasing a home in Salt Lake City, or Park City we offer subordinate loans for purchase or refinance. If you need help with a "Zero Down" 80-20 combo loan, then you have found the right lending source.
Our loan team will help you finance new furniture, house improvements and they will show you a solution for consolidating high interest credit card debt. Nationwide offers many fixed rate solutions, that don't require you to refinance your first home loan. We offer competitive 2nd mortgages that will aid you in reducing your monthly expenses while returning you with significant savings.
Wouldn't you like to put more money in your pocket each month? Many of our second mortgage and refinance programs were created so people with less than perfect credit, can pay off debts, make improvements to their home, and offer access to additional funds for a multitude of reasons. |
| Before the rates get too high, Apply for a Fixed Rate Home Equity Loan. Stay online and complete one simple form and one of our experienced loan professionals will follow up with you shortly. |
Relevant Utah Facts:
Salt Lake Homeowners |
Average home value for owner occupied primary residence, 2000: $146,100
Homeownership rate, 2000: 71.5%
Average household income, 1999: $45,726
Population, 2004 estimate: 2,389,039
% of people living in same home for 5+ years, 2000: 49.3%
Average commute time from home to work (minutes), 2000: 21.3
Click Here for More Utah Loan Info
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* Loan terms are state and federal fee restrictions. Laws may vary per state.
Data source census.gov |
By Nick Rian
 Interest rates rise, inflation drops. That's the rule most economists believe anyway. But, Utah's housing market follows a different beat.
Utah home prices climbed right alongside the rising prime interest rate during 2006. The average price for a Utah home jumped from $243,200 during the first quarter to $247,688 during the second.
When the federal reserve hikes the interest rat, the goal usually fights inflation. However, in some markets, The higher interest rate forces homeowners to drop prices to entice buyers.
Apparently, the rule has worked in Utah. Home sales shot up more than 3,000 points from 9,812 during the first quarter of 2006 to 12,942 during the second quarter. But some economists still believe the rising interest ate will force home prices down.
An article in the Salt lake City Tribune shows economist Dave Seiders think home prices will drop through next year. "I expect price appreciation rates to be very low or even scraping into the negative territory during that time," he said.
Seiders predicts the markets will "bottom out" sometime during 2007 and jump up during 2008. He doesn't think the rising prime interest rate will significantly affect 30-year loans, and lower loan interest will probably keep home prices down.
Lower home prices could turn in favor of the buyers. But if prices continue to climb alongside the prim interest rate, economist Ken Fears thinks the sales should still improve.
"While prices are at record highs and mortgage rates are on the rise, employment and incomes are also on the rise."
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