125 Second Mortgage

Borrowers with no equity have looked to 125 second mortgage lenders to help them consolidate high rate credit card debt. At one time BD Nationwide was one of the leaders for 125 second loans, but that product has been placed on hold. We can connect you with lenders that offer competitive terms for no equity second mortgage loans and refinancing, fixed rate second mortgages and no equity mortgage loans under the HARP 2.0 program. The 125 mortgage remains a popular loan choice for homeowners who presently lack equity. The no equity 2nd mortgage program rates and guidelines change frequently, so discuss your eligibility with a lender today. There is no cost to see quotes or compare rates and there is never any application fees so there is no risk to check out today's 125 second mortgage with no equity required.

Keep in mind though that most of the no equity loan programs do not offer cash out. The FHA 203K does provide funds for construction, home rehabilitation and outlined house repairs. The 125% second mortgage was very popular with homeowners that wanted to consolidate debt but had no equity. Unfortunately we do not have a replacement program to suggest since these this type of 125 loan was placed on hold, If you are looking to refinance for debt consolidation, chances are you will some equity.

BD Nationwide was founded a 2nd mortgage lender in California but today we are in the business of referring homeowners who to industry leaders that offer a wide range of second mortgages. Many homeowners are looking for high LTV second mortgages. Hopefully there will be some new 2nd mortgage products that are more aggressive. Until then, take a minute and compare the no equity 2nd mortgage and refinance loans that still may meet your needs.

Most banks require 10-20% equity in your home to even consider allowing you to refinance or get cash out with a no equity second mortgage loan. Some of our lending partners still offer second mortgage loans that not only do not require as much equity as traditional lenders are asking for. There are still a few refinancing options for 1st and 2nd mortgages from 90 to 100% of what your home is worth, depending on your credit score. We can match you some of the only high LTV mortgage lenders that have experience refinancing homeowners that have underwater liens.

125% Mortgage Refinance Rates Online with No Refinance Options

Leverage Debt with 2nd Mortgage Loans & Modifications to 125%

If you are a homeowner who has high rate credit card bills and adjustable rate lines of credit, you may be a good candidate for a 125% second mortgage with no equity required that can refinance and consolidate everything into one reduced fixed payment loan. Our clients continue to report significant savings with our debt consolidation loans that now allow you to take out loans for more than your house is worth.

If you can save $500 a month with our 125% mortgages then you can save $30,000 in five years with us. If you invest that $30,000 in conservative mutual funds and money market accounts you could have well over $100,000 in next ten years just by consolidating your high interest debt into a fixed rate simple interest second mortgage with Nationwide.

125% Mortgage
Find out how the Matson family saved over $700 a month with a 125% second mortgage loan that provided debt consolidation and cash out that financed their home remodel.

Our refinance team specializes in "out of the box" home equity loans and 2nd mortgage refinancing. Consider our low rate options for equity lines of credit and 125% 1st-2nd combo loans to consolidate credit card debt or refinancing your any existing adjustable rate loans into a lower fixed rate payment.

Save Money With No Equity Mortgage Refinance Solutions

Our no equity refinance loans can save you money while offering cash out to finance home improvements and remodeling. Nationwide Mortgage Loans has been helping homeowners maximize their home equity for over a decade now. Our experienced loan team will help you qualify for a 125% 2nd mortgage so you can lock into a fixed interest rate loan with simple interest.

Second Mortgage No Equity Required

What kind of credit requirements are needed to qualify for a 125% second mortgage?
125% second mortgages have been around for over 12 years because the underwriting criteria have been fairly strict. First of all, 125 loan programs always require full income documentation. The second key guideline has always been the credit scores. Borrowers need to have good credit scores ranging from 640 - 800. The lower the credit score a borrower has, the more residual income will be required from the borrower. Due to the risk factors associated with equity, the 125% 2nd mortgage will always be packaged with good credit criteria.

  • 2nd Mortgage for Debt Consolidation
  • Finance Home Improvements
  • Get Access to Money Now
  • Low Rates on No Equity Refinance Loans
  • Lower Monthly Payments
  • Fixed Interest Rates
  • Leverage Debt with Simple Interest
  • No Mortgage Insurance
  • No 1st Refinance Required
  • Eliminate Adjustable Interest

Take advantage of today's low rates, and consider a home equity loan that allows you to keep your existing low rate 1st mortgage. Our second mortgage loans will be a new loan secured in addition to the mortgage you already have.

We are one of the few loan companies to offer no equity loans. The 125% second mortgage once allowed borrowers to exceed the value of their property. BD Nationwide can refer you to High LTV mortgage lenders but unless you are doing home rehabilitation, there are no cash out opportunities when you exceed 100% in today's marketplace.

If you are looking for a home equity loan to help lower your monthly payments by consolidating credit cards and refinancing other debts, then ask your loan officer if there are any new programs that were just released.

First time homebuyers now have a great loan solution with the 125% second mortgage. No equity is needed to qualify for this loan, because this home equity program allows you to borrow up to 125% of your home's value. Nationwide offers the most competitive 125% equity loans in the country. Ask your loan officer for more information.

The 125 loan allows you to exceed the appraised value and borrow an additional 25% worth of equity. The popularity of this no equity mortgage continues to rise, as the demand for debt consolidation continues to grow as well. Homeowners are able to pay off credit cards, installment loans, and unsecured loans as well. Consolidating your debts into one mortgage payment can reduce your monthly expenses by a few hundred dollars.

125% Home Equity Loans
Meet mortgage companies that can help you qualify for a great high LTV loan programs that requires no equity earned with your home appreciation. Consolidate bills or finance home improvement projects with a fixed rate home equity loan from the brokers and lenders you can find here on the BD Nationwide website.

2nd Mortgages for Debt Consolidation
Learn how to refinance and pay off variable rate credit card balances and consolidate your debt into a fixed rate second mortgage that saves you money every month.


First time homebuyers now have a great cash out solution with the 125% second mortgage. No equity is needed to qualify for this loan, because this home equity program allows you to borrow up to 125% of your home's value. BD Nationwide offers a platform for people to find the most competitive 125% equity loans in the country. Rates, terms, credit score, and LTV requirements change frequently with respect to the 125 mortgage program so ask your loan officer for more information.

The 125 loan allows you to exceed the appraised value and borrow an additional 25% worth of equity. The popularity of this no equity mortgage continues to rise, as the demand for debt consolidation continues to grow as well. Homeowners are able to pay off credit cards, installment loans, and unsecured loans as well. Consolidating your debts into one mortgage payment can reduce your monthly expenses by a few hundred dollars.

New Loan Options for People that Don't Want to Refinance their 1st Mortgage
According to Mark Tecotzky who is the co-chief investment officer of Ellington Financial, "Consumer credit risk is good risk to take right now." He went on to compare consumer debt to corporate debt, noting that people and businesses have been paying down and refinancing debt since the banking meltdown occurred and new regulations were implemented under the Dodd-Frank reform bill. If this theory plays out, we can expect more aggressive high LTV loan programs to emerge in the near future.

Take Advantage of our High LTV Experience

In a recent article, Irwin Home Equity Executive Kevin Margulies stated, "No mortgage broker is more focused than BD Nationwide for introducing no equity second mortgage loans to homeowners."

Now is the time to consider 2nd mortgage programs as lenders continue to ease LTV requirements. The site can help you find trust-worthy lenders that can help you refinance your debts and forecast interest rates so you can create a plan to maximize your savings!

Learn More About High LTV Refinancing and Get a 125% Second Mortgage Quote

Have you been waiting to remodel your kitchen, take a much-needed vacation, or consolidate all of those high-interest credit cards? The time is now to take advantage of historically low interest rates before a rate hike occurs that could cost you lots of money! A 125% Second Mortgage is an ideal loan option for those that want to take advantage of the equity in their home to make improvements, fund projects or dream purchases, or pay down high-interest debts.

Linda's Advice for applicants interested in a 125% second mortgage
Ask Linda?

The Most important measure to take in preparation for the application is simple. Keep your credit history and payment patterns stellar. If you can keep your fico scores over 700, then your loan options for 125% will expand. After you are approved ask the loan officer if the full appraisal can be waived. A few mortgage brokers, like Nationwide allow statistical appraisals that eliminate the need to pay for a formal appraisal.

Are Second Mortgages Hip Again?
By Barry Donavan

In the last 3 years, millions of homeowners were fortunate enough to lock into thirty year fixed rate mortgages at 5.5%. With the market shifting and the rates climbing, it's time to consider second mortgages for getting cash. There is no reason to refinance your great rate on a $300,000 mortgage to get $40,000 in cash. Read the rest of the 2nd loan article

Nationwide Home Equity Loan Spotlight

125% Home Equity Loans
Fixed rate home equity loans have become the first choice of cash out refinancing for 1st time homebuyers who have no equity. These loans enable borrowers to exceed the appraised value with loans amounts that go to 125%.

Now you have the advantage of eliminating high interest debts, refinancing adjustable credit card interest and getting additional cash to finance some home improvements.

Also see alternative finance options for No Income Verification and Bad Credit Refinancing.

A 125% Mortgage allows you to access up to 125% of the equity in their home. This type of loan is also a good choice because it can be available at substantially lower rates than other types of borrowing and it may also provide substantial tax benefits. You can finally access the funds to finance all of those projects that you've been dreaming about!

Don't let the low interest era pass you by! There's still time to find a low-interest loan package specifically designed for your ideal lending needs that will allow you one low monthly payment. Let us help you find the right 125% Second Mortgage today and say goodbye to high-interest debt!

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. 2nd Mortgages for 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
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 Lines
Lowering your payments and Improving your credit score. Bad Credit Refinance Mortgage

Are you Looking for Cash without Refinancing 1st Mortgage?
If you already have an "Option ARM 1st Mortgage" you may have learned that most lenders will not allow a second mortgage behind a 1st loan that has a potential for negative amortization. If you need access to cash but do not want to refinance your current home loan, request more info so you can find out if you qualify for a home equity loan behind 1st loan. (Program for a 2nd mortgage behind neg-am loan has been placed on hold.)

It may be a good decision to consolidate your high-interest credit card bills and installment debts. In most cases your total monthly payments can be reduced substantially and may even be tax deductible.

Second Mortgage Versus Home Refinancing
By Amber Smith

When trying to determine what to do about your home, you have so many options to consider. As various companies disclose their terms, you may find it difficult to decide between a second mortgage and home refinancing. Here, we'll take you through the basics of each so that you can make the best choice for your situation.

Second Mortgage
Obtaining a second mortgage is often referred to as borrowing against a home's equity. It is also synonymous with home equity loans and home equity lines of credit. A second mortgage allows you to get cash immediately when you want to remodel your home, pay off bills, or consolidate debt. Home equity loans and home equity lines of credit are two types of second mortgages. A home equity loan allows you to get an immediate amount of cash; these are generally set at a fixed interest mortgage rate. On the other hand, a home equity line of credit provides the borrower with the ability to borrow against the equity up to a certain amount; the HELOC, as it is commonly called, is usually set at a variable interest rate.

Home Refinancing
Home refinancing means that you'll be getting an entirely new mortgage with a new interest rate and term. Usually you will be refinancing in order to lock in at a lower interest rate. When applying to refinance your home, you'll still have to pay some of the same fees you paid when getting your first mortgage: loan application fees, loan origination fees, and appraisal fees.

When To Choose a Second Mortgage?
Interest rates are generally higher on a second mortgage as opposed to a refinance. If you need the cash quickly and plan to pay it off quickly, then a second mortgage may be just what you need. Second mortgages provide borrowers with a lot of flexibility. You can choose to borrow against all or part of your home's equity and you can also choose whether you want a long-term or short-term loan. These are often used to finance home repairs and major renovations. To read the complete article, Continue Here

Understanding the Basics of Second Mortgage Terms
Second Mortgage
Combined Loan to Value (CLTV)
A "2nd mortgage" is a secured loan that is placed in second position on title. It is a 2nd mortgage that subordinates to your 1st mortgage. In real estate, a property can have multiple loans against it. Second mortgages are called subordinate because, if the loan goes into default, the first mortgage gets paid off first before the second mortgage gets any money. In most cases, second mortgages have higher rates, because they have a higher risk factor for the bank that holds the note.

Combined Loan To Value (CLTV) is the total balances of the loans secured to the home and how they correlate to the appraised value.

To calculate the Combined Loan To Value Ratio: Add up the balances of the 1st mortgage & 2nd lien, and then divide that sum by the appraised value of the home. (ie. When adding the first mortgage of $150,000 with the proposed second mortgage of $75,000.00 the two mortgages are added together to total $225,000.00. If their home is appraised at $200,000 Combined Loan to Value is 112.5% )

Home Equity Line of Credit (HELOC)
Debt to Income Ratio (DTI)

An equity line of credit is a secured revolving credit line that is usually a second mortgage lien. Most people use their credit lines to finance home improvements. Home equity lines have an adjustable rate, but you only pay interest on the actual amount of the funds you draw from. Many borrowers take out a line of credit just in case they need "quick cash" for an emergency.

Debt to income ratio or DTI is derived by dividing your total monthly payments (mortgage, credit cards, loans, etc.) by your gross income monthly before taxes. DTI is one of the 3 most important factors considered when underwriting a loan for approval. One of the reasons debt consolidation has become a popular use for second mortgage loans, is because when you payoff revolving debts in a loan, usually your debt to income ratio is lowered.

Second Mortgage up to 100%: Fixed rates and fixed monthly payments.
Includes additional options for lower monthly payments or lower interest rates, and potential tax savings. This fixed rate second mortgage allows customers to know what the payment will be for the entire life of the mortgage.
--- Second Loans up to $500,000

2nd Mortgage up to 125%: (On hold) Fixed rates and fixed monthly payments.
Includes additional options for lower monthly payments or lower interest rates, and potential tax savings. This fixed rate second mortgage allows customers to know what the payment will be for the entire life of the mortgage.
--- 125% Mortgages up to $150,000

Home Equity Line of Credit up to 125%: (On hold) Adjustable rates and the flexibility to use and reuse the line of credit for the 1st 10 years of the loan. Interest Only monthly payment options offer lower payments.

  • First-time Homeowners OK
  • Competitive 2nd mortgage rates
  • No Mortgage Insurance Required
  • Second Mortgages for All Types of Credit (See loan officer for fico and LTV requirements)

Second Mortgage Checklist

Frequently Requested Documentation for a
High LTV 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)

Consumer Credit Bureaus

  • Learn more about your credit history & how it may affect your ability to finance
  • visit the credit bureaus equifax.com, experian.com and transunion.com
Questions and Answers From Home Equity Loan Applicants Online
Subject: 125% Second Mortgage Question
Comments: "I am looking for a 125% mortgage for my town-home. My credit is poor, Experian is only a 606. I bought my home for $207,000 and I have 2 interest only loans, one in the amount of $165,000 and the other is for $42,000. I want to know if it is possible to obtain funding with my discharged BK of almost 2 years to qualify for a 125% equity loan? I don't believe I have any equity because I just bought it a year ago. I need to pay off debt and would like around $20,000." -Ronda Ault, Homeowner.
Response: It is very difficult to qualify for a 125% loan with a Bankruptcy discharged less than five years. There are many 100% second mortgage programs, and the 115% 2nd mortgage loan may be available as well. If your credit score has rebounded to 700 fico, then we be able to get you an exception with the 125% second mortgage program.


Resource Tools

Loan Comparison Calculator
This calculator is popular with online shoppers because it enables them to compare of types of home mortgages.

Debt Investment Calculator
This tool can help you understand how much interest you can save by eliminating debt.

Second Mortgage Guide

Free Finance Guides & Helpful Consumer Reports

Take advantage of our free guides and disclosures that help new homebuyers maximize their financial state with new 2nd mortgage opportunities.

Equity Credit Line Fed Tips
Consumer Guide -Rate Locks

Client Testimonials

"We had no equity and a ton of credit card debt until we found Nationwide. The helped us get approved for a second mortgage that allowed us to pay off bills up to 125%. Thank you and your team of professionals for all your help!"
– The Mullin Family

When will rates begin to rise? Get the Current Second Mortgage Rates and lock into a fixed rate loan that saves you money.


More Exclusive Second Mortgage Loan Programs:
2nd Mortgage Refinance | Second Mortgage for Foreclosure Prevention | 2nd Mortgage Refinancing | State Guide Second Mortgages | Finance a New Pool | No Income Verification Mortgage | Equity Loans for Bad Credit | Subprime Mortgage | 2nd Home Construction | 125 Mortgage Combo Loans | No Income Mortgage | Home Equity Mortgage Loan Demand Soars | 100% Second Mortgage | Stated Income Home Equity Loan
Apply Now | Contact Us

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. BDNationwideMortgage.com does not offer loan modifications or extend credit for 125% second mortgages. This site does not approve the underwriting for loans. BD Nationwide was affiliated with a federally chartered bank located in Maryland licensed to offer home loans in all 50 states.

Copyright © 2001 and Beyond, BDnationwidemortgage.com. All rights reserved. Do not duplicate in any form. Rates are subject to change and not all applicants will qualify for a 125% mortgage.