More often than not, speed is an important factor for taking out a second mortgage loan against your home. Our “fast and easy” second mortgages provide borrowers with a painless refinance experience and access to fast cash with our automated process.
BD Nationwide can educate you on how to qualify for a simple and fixed second mortgage or HELOC loan online. Our team will help you from the approval process to closing of escrow.
Get Approved for a 2nd Mortgage HELOC Quickly and Painlessly
Our experienced loan officers will help you find the road for a fast home equity loan that saving you money every month with a low fixed interest rate. Our 2nd mortgages may be the quickest way for homeowners to eliminate their credit card debt.
Nationwide lenders provide low rate second mortgages with quick access to cash through the streamlined loan process. We help people find companies that can finance qualified borrowers up to $500,000 with a quick second mortgage.
Have you been spinning your wheels searching for a fast cash loan online designed for homeowners like you? If you need a quick mortgage or home equity loan, BD Nationwide’s website is an excellent place to start. For nearly 2 decades we have been connecting consumers with top-tier lending sources.
With home values on the rise again, it may be a good time to consider a 100% LTV mortgage as many brokers and lenders are introducing new 1st and 2nd mortgage products that require little or no equity.
Fast and Easy Second Mortgage Loans for Cash Out or Refinancing
- Stated Income Home Equity Loans
- Reduced Doc Second Mortgages
- No Appraisal Needed with Second Mortgages *
- Home Equity Loans to 100%
- Low Interest 2nd Credit Lines
- 3rd Mortgages
* certain restrictions apply
Frequently Needed Documentation for Fast and Easy Second Mortgage
- Photo Copy of Drivers License & Social Security card
- Copy of your Mortgage Coupon or copy of Monthly Mortgage Statement
- Copy of Mortgage Note (Promissory Note) on your current 1st mortgage
- Declaration page of Home Owner’s Insurance Policy
Get cash quickly without refinancing your 1st loan! Will a Quick Second Mortgage with Easy Requirements Meets Your Financial Needs Today?
One important factor in determining what type of second mortgage to apply for is the Benefits you receive from the new loan. There does not have to be a risk to learning more about the possibilities because on this site you can find no credit check mortgages.
Are you saving money by taking out another lien against your home? Is the cash out you are getting from the second mortgage worth the risk?
Find brokers that offer both fixed and variable rate second mortgages, and our experienced team of loan officers will get you approved for the best loan available.
How to Get Quick Cash from a Second Mortgage
A second mortgage can be an effective way to access quick cash by tapping into the equity you’ve built in your home. Whether you need funds for home improvements, debt consolidation, or a major purchase, a second mortgage allows you to borrow against your home’s value. Here’s how to get quick cash from a second mortgage.
1. Understand What a Second Mortgage Is
A second mortgage loan secured by your home’s equity, which is the difference between your home’s market value and what you owe on your primary mortgage. There are two common types of second mortgages:
- Home Equity Loan: A lump sum loan with fixed interest rates and regular monthly payments.
- Home Equity Line of Credit (HELOC): A revolving credit line that allows you to borrow money as needed up to a certain limit, often with variable interest rates.
Both options provide access to cash, but HELOCs offer more flexibility if you need funds over time.
2. Determine Your Home’s Equity
Lenders typically allow you to borrow up to 85% of your home’s equity. To calculate how much you can borrow, subtract your current mortgage balance from your home’s appraised value. The remaining equity is what you can access through a second mortgage.
3. Apply for a Second Mortgage
Once you know how much equity you have, apply for a second mortgage with a lender. You’ll need to provide financial information, including proof of income, credit score, and your current mortgage details. Lenders may also require a home appraisal to confirm your property’s value.
4. Receive Your Funds
If approved, you’ll receive your funds either as a lump sum (home equity loan) or access to a revolving line of credit (HELOC). The approval process typically takes a few weeks, but some lenders offer expedited processing for quick access to cash.
Getting quick cash from a second mortgage is a convenient way to leverage your home’s equity. By understanding your options, determining your equity, and applying with a BD Nationwide lender, you may be able to secure the funds you need efficiently.