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Home Loan Consolidation
Home loan consolidation helps homeowners refinance adjustable rate loans & high rate debt with mortgages for reduced monthly payments. One of our primary functions for mortgage loans is simple interest refinancing and bill consolidating. Often times, when you include high interest loan into a debt consolidation loan you will save hundreds of dollars a month. Refinance high rate debt with second mortgages and combine adjustable rate loans with home equity loan refinancing for reduced monthly payments. Debt consolidation is a great benefit for homeowners who want to eliminate credit card debt. Now you can roll your debts into a 1st or second mortgage refinance loan that offers significant savings with lower monthly payments. This is another great way for people to deduct the interest for even more savings.
- 95% Cash Out FHA Home Refinance Loans with fixed rates.
- Credit Card Consolidation for reducing compounding and variable rate interest
- No Equity Mortgage Refinancing for combing student and consumer loans
| Should I include my auto loan in a debt consolidation refinance or leave it out of the loan? |
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| Be careful consolidating your auto loan in your 2nd mortgage. In many cases the interest rate for your car will carry a lower interest rate and since it is already an installment loan, there would not be any compounding interest to eliminate. However rolling your car loan into a second mortgage may offer a new tax deductions and some payment relief because you would stretching the debt for 15 to 30 years. |
People can choose from fixed rate loans, FHA, VA or conforming home mortgages. Whether you need a loan for home construction, or paying off credit card debt, Nationwide Mortgage Loans can help you get approved for a great home equity loan.
Loan Consolidation Guidelines |
Second Mortgage Terms
(Amortization Options for fixed rate loans in Years) |
- 15 years
- 20 years
- 25 years
- 30 years |
| Maximum 2nd Mortgage Limits |
Loan Amount- $500,000 |
| Income Documentation |
- Full Documentation
- Stated Income/ Verified Assets
- Verified Employment
- No Asset Verification |
| Loan Purpose |
- Construction
- Consolidation
- Funds Home Improvement
- Refinance Interest Rates |
| Job Status |
Primary Residence, Owner Occupied, Second Home, Investment |
| Home Types |
SFR 1-4 unit, PUD, Condo unlimited stories |
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