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Utah Second Mortgage
Nationwide Mortgage Loans offers low interest rates and second mortgage loan discounts for Utah homeowners. For second mortgage loans, the state of Utah has capped all lender fees to 5% of the loan amount. So if you are borrowing $50,000 the closing costs a lender or broker could charge would be capped at $2,500. Second Mortgages are available up to 125% loan to value with good credit and solid residual income. Nationwide can go help you qualify for equity loans up to 100% credit scores at 620, and 580 ficos can borrow up to 90%.
- Competitive 2nd mortgage rates
- No Loan Insurance Required
- Loans for all credit types
- No Equity programs
- "Stated Income" for self-employed
- 100% OK with pay option ARM
- Convertible HELOC's available
- No Pre-Pay option for Utah Residents
- 2nd Home Financing to 95%
- Credit Lines starting at Prime -1
- 80-20 Home Purchase Loans
- Fixed Rate 2nd Mortgage Options
- Combine all mortgages together
- Refinance credit card debt
- Finance New Home Construction
- Pay off Car Loans
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Find new heights with your home equity! |
| Utah Homeowners can stop worrying about the escalating monthly payments caused by variable rate credit lines if they refinance it into a fixed rate 2nd mortgage. Take advantage of local specials that are offered exclusively to homeowners residing in Utah, Nevada and Colorado.
Ask your loan consultant about possible state fee and APR restrictions. |
If you own a home and have credit card debt, we recommend that you consolidate your debts into a 1st or 2nd mortgage that carries simple interest. These secured debt consolidation loans can help your monthly expenses be reduced significantly. These second mortgage loans were created so people with less than perfect credit, can pay off debts, make home improvements, & in some cases get extra cash. Nationwide Mortgage Loans specializes in second mortgages in Utah for consolidating credit card debt and loans that have higher interest rates.
Utah's Highest % Increase for
Home Price Appreciation 2005 |
Home equity loan volume is up over 25% for stand-alone 2nd mortgages in Salt Lake City. |
St. George, Utah |
31.57% |
For more information, please visit: http://www.census.gov/hhes/
*Second Mortgage rates may vary based on region, loan amount and fico score. |
| Utah State Loan Update |
Are your Home Equity Credit Line Interest Rates Rising? Current Home Equity Rates - UT.
Salt Lake City is one of the areas in Utah that showed a significant increase in consumers taking out 2nd liens because homeowners enjoyed quick access to their cash without needing to refinance their current 1st mortgage. |
| Local Tips From The Underwriting Mortgage Pros: |
Did you know that most underwriters require at least 50 miles between the primary residence, and another property, in order to consider it a "Second Home." - C. Taylor, Utah Mortgage Broker at Salt Lake Mortgages
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| Utah Home Financing Resources |
Utah Saves - This statewide coalition of nonprofit, corporate and government group is focused on assisting Utah consumers save and increase wealth. (utahsaves.org/)
AAA Fair Credit Foundation – This non-profit financial counseling organization maintains focused on assisting Utah individuals and families experiencing financial obstacles restore stability. (faircredit.org/) |
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Applying for a home loan in Utah is simple and takes less than a minute online. Take a moment and complete our secure form online and a professional loan officer licensed for consumer loans in Utah will contact you shortly with a free loan consultation. If you are more comfortable speaking with a licensed loan officer by phone, please call 1-800-242-6986.
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