Low Closing Cost Home Equity Loans

Find out why homeowners come to BD Nationwide for low cost equity loans, credit line and no point refinance programs in which no origination fees are charged. For years we have been providing secure premiere financing for homeowners with reduced points and fees with home equity and second mortgages to qualified borrowers seeking affordable cash out, debt consolidation and house repairs. We are lenders that have built a strong reputation for no cost refinancing and affordable home equity mortgages. The low closing cost home loan programs were developed for a select group of borrowers who meet the criteria of credit score, CLTV and debt to income ratio. All of our home equity loans are offered with "no out of pocket expenses." We offer both reduced lender fees and no closing cost loans with both 1st and 2nd mortgage liens.

Are you looking for a reduced cost home equity loan with a competitive interest rate? Equity Line of Credit? or Home Equity Loan?
As a homeowner you have more financing options than you've ever had, so it's imperative that you choose the right home equity loan for reducing your monthly expenses. Find a home equity loan that offers the lowest possible interest rate, while offering the best long-term benefits for your situation.

Reduced Rate Home Equity Loans

Stated Income Home Equity Loans

Prime Rate Equity Loan Offers

Cash Out for Debt Consolidation and Home Improvements

Revolving Home Equity Credit Lines to 100%

Low Interest Only Loan Payments

No Mortgage Insurance Required with 2nd mortgage loans and credit lines.

Reduced Lender Fees and
No Point Refinance Options

Many homeowners are enticed by the low monthly payments and introductory interest rates of home equity lines of credit because they only require interest only payments. Interest only payments are typically a few hundred dollars less a month than typical principal and interest payments, depending upon the loan amount. The only problem with a HELOC payment is that the amortization is set up to revolve like a credit card. If you only pay interest only payments, then you are really not paying off your credit card debt. If you are consolidating debt, choose a fixed rate home equity loan, because not only is the rate and payment fixed, but each month you are paying off principal and interest.

Refinance? Home Equity Loans? Personal Unsecured Loan?:
Best Loans for Homeowners to Cash Out

People need or want extra cash for a variety of reasons. For some, the extra cash provide them with a feasible way to pay off high-interest debts and loans, for others the extra money offers them a way to improve or build onto their primary homes, or buy second homes for investment properties or vacation homes.

Determining the Equity Available for Home Equity Loans:
Combined Loan to Value

CLTV Formula: Take the current mortgage balance for your first mortgage add the proposed new home equity loan amount: then take that total and Divide it by the appraised value of your home = Combined Loan to Value.

 

Preferred Loan Type
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Resource Tools

Loan Comparison Calculator
This calculator will help you to compare the total mortgage interest charges of 4 types of loans.


Second Mortgage Guide

Premium Home Equity Products:
125 Home Equity Loans | Home Improvement Loans | Home Equity Refinance | Prime Credit Lines | Fast Cash | Stated Income Home Equity Loans | Low Closing Cost | Discount Home Equity Loans | Low Interest | Debt Consolidation | Home Equity Loans for First time Homebuyers | No Income-No Asset Home Equity Loan | Cash-Out Home Equity loans for Investing | Home Equity Credit Lines | Underwater Mortgage | Home Equity Mortgage Loan Demand Soars
Related Info:
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BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. 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. Nationwide is affiliated with national lenders and a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright 2001-2010 and Beyond, Nationwide Mortgage Loans - BDnationwidemortgage.com is a website and cannot make loans. All rights reserved.