Colorado Second Mortgage Loans & HELOCs


Colorado Second Mortgage Loans & HELOCs


Meet Colorado Lenders Offering 2nd Mortgage Loan & HELOC Programs

Discover great offers for reasonable interest rate locks on high LTV loans and no cost home equity lines of credit. Yes existing Colorado homeowners can benefit from exclusive loan offers with lowered interest rate incentives for borrowers that have been strapped with high LTV mortgage liens and home equity lines of credit that have adjustable rates and annual fees. Take advantage of today’s low rates, and consider a 2nd mortgage that allows you to keep your existing low rate 1st mortgage. Our second mortgage loans will be a loan in addition to the mortgage you already have. We will help you uncover the few loan companies to offer prime loans for first time home buyers in Colorado.

See Reduced Rate Mortgages for First Time Home Buyers in Colorado and Experienced Rocky Mountain Homeowners

BD Nationwide helps consumers shop offers for low rate loans to maximize your home financing without requiring any equity. 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. Take a moment and complete our secure form online and a professional loan officer will contact you promptly with a free loan assessment.

  • 2nd Mortgage Refinancing
  • Home Improvement Loans
  • Second mortgage Credit
  • 100% Fixed Rate Equity Loans
  • 100% Line of Credit
  • 2nd Home Financing
  • Hard Money Options
  • Self-Employed Loans

Colorado residents can take advantage of monthly loan specials that are offered exclusively to homeowners residing in this region. Ask your designated loan broker about state specific guidelines and APR restrictions. Second mortgages rates that can vary depending upon state, loan amount and credit score.
Years ago, the 125% mortgage allowed people to exceed the value of their property. If you planned on staying at your home for a few years, then consolidating your high interest credit card debt with a 125% no equity home loan made financial sense because you stood to save money monthly simply by eliminating the revolving interest of your debt. The guidelines on equity loans have changes and the advertising laws online as well, so talk to a licensed loan officer in your region today to get current information that would be relevant to your specific needs.

Do you live in Colorado and want to access the equity in your home to pay off other debts or improve the look and feel of your home? Yes Colorado mortgage rates remain near the lowest recorded levels so considering a 2nd mortgage or HELOC loan are excellent options. If your 1st loan rate is higher than what is being advertised on your television, then consider a refinance mortgage for your Colorado home.

Are you eager to expand your home, embark on that long-awaited family vacation, or streamline your high-interest credit card debts? Now is the opportune moment! With interest rates still at favorable levels, you can leverage the equity in your home to reduce high-interest debts, undertake home improvement ventures, or support your child’s education.

At BD Nationwide, our foremost objective is to provide optimal financing solutions for homeowners. Thanks to our well-established connections with lenders nationwide, we are well-equipped to assist you in discovering the most suitable loan for your specific requirements. If you have low scores, consider a bad credit home equity loan. Take the first step by applying for a complimentary, no-obligation Colorado Second Mortgage today!

Did you know that Colorado ranks 2nd in the nation for Adjustable Rate Mortgage Loans?

Colorado ranked second in the nation using mortgages with adjustable rates, which allow borrowers to qualify for a larger loan than they would with a fixed-rate loan but also require higher monthly payments if mortgage rates increase, the FDIC report said. Interest-only mortgages, on which borrowers make only interest payments until the loan is refinanced in three, five or seven years, also are widespread in Colorado and the Springs, according to data compiled by San Francisco based Loan Performance, a unit of First American Corp. Experts say these loans encourage some people to buy a more expensive home than they otherwise would.

Interest-only loans constituted 37.7 percent of mortgages in the Colorado Springs area and 43.9 percent of mortgages for home purchases in the initial seven months of the year. Statewide, these loans represented nearly 40 percent of mortgages during the same period, and on a national scale, they accounted for 23.1 percent of loans.

Individuals exceeding their state’s median income—$40,044 for an individual or $54,187 for a couple in Colorado—in the preceding six months might face ineligibility for Chapter 7, a process that discharges most debts. If their ability to contribute at least $100 monthly toward debts, following specific expense deductions, is established, they may be obligated to file under Chapter 13, which mandates partial repayment.

Colorado State Loan Update

Colorado Home Mortgage Overview – Property values in Colorado have recently reached all-time highs, so tap the equity in your home before you risk losing the equity in your home.

Denver Home Mortgage Update -With home sales dipping slightly across the states surrounding the Rocky Mountains. It may be your last chance to refinance your adjustable rate mortgage or take out a fixed second mortgage at a competitive home equity rates.

Are your Home Equity Credit Line Interest Rates Rising? – Lock the rate of your variable HELOC and get a fixed payment and fixed term equity loan. Get Local Terms and Updated Home Equity Rates – CO

 

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 transunion.com

Additional Resources for Colorado Residents

BOULDER COUNTY HOUSING AUTHORITY
3482 North Broadway Boulder , Colorado 80304
Mortgage Related Services: Homebuyer Education Programs & Home Equity Conversion
For more information, Please visit: co.boulder.co.us/cs/ho

CITY OF AURORA COMMUNITY DEVELOPMENT DIVISION
9898 E. Colfax Ave. Aurora , Colorado 80010
Mortgage Related Services: Fair Housing Assistance & Debt Management Counseling
For more information, please visit Website: ci.aurora.co.us