Refinance? Equity Home Loans…or Personal Unsecured Consumer Loan?
Uncover the Best Loans for Homeowners to Cash Out
By Maria Ny

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.

Both mortgage refinancing and home equity loans allow homeowners to choose between a fixed mortgage rate and one of several adjustable rate mortgages (ARMs). But, home equity loans give you more flexibility on how much equity you want to cash out and loan repayment time options than mortgage refinances. The interest rates are lower for both these types of loans than personal loans because they are secured loans. This means you can lose your home if you can't keep up with the payments. However, both offer the tax advantages of being able to deduct the interest paid on the loan.

 

 

Nationwide Mortgage Loans Offers a Convertible Home Equity Line of Credit with Options to Refinance Portions to a Fixed Rate Second Mortgage Loan
Nationwide Mortgage Loans now offers a convertible home equity line of credit that provides borrowers options for turning their variable interest rates to a fixed rate second mortgage loan. This unique home equity program allows homeowners to convert portions of their adjustable rate equity line into fixed rate home equity loans. Another key feature is that this second mortgage allows you to keep the unused portion of the home equity line open.

If you own a home and have credit card debt...give us a call at 1-877-212-9478

 

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BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
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