Home Equity Lines

Compare Prime Equity Line of Credit Rates

Let us help you review terms on home equity lines and compare HELOC rates today and take advantage of the flexibility that a cash home equity line offers. A home equity line of credit is an interest only second mortgage that offers homeowners revolving credit lines for cashing out equity for remodeling and financing home improvements with interest only payment options. Home equity credit lines have become popular financing tools that provide flexibility and cash out at a moment's notice. The Federal Reserve has lowered interest rates again and that means credit line payments have been reduced, because home equity line of credit rates are ties to the Treasury index. We suggest setting up an equity line of credit to finance home improvements and construction while HELOC rates are favorable, because the Fed will likely raise rates soon.

As your life changes, your house can change too! Take extra cash from a home equity line and complete those improvements you always wanted to do. Landscaping and interior design not only enrich your surroundings, they can help improve the value of your home. Home Equity Lines of Credit are flexible tools that enable you to access when you need to. Home equity lines can open doors for investing, and purchasing second homes, because they allow you to access the equity in your home at any time. Credit lines are set up so that you can borrow and re-borrow and you only pay interest on the portion of the line that you have used. If you have been turned down because of your fico score, ask a representative about the possibility of a bad-credit HELOC.

Flexible Lines of Credit

Borrow and Re-Borrow any time!
Home Equity Lines give you the power!
100% Home Equity Lines of Credit
HELOC's with No Equity Needed
Stated Income Home Equity Lines
Interest Only Home Equity Lines
Fixed Rate Conversion Option
Tax Deductible Interest
Credit Lines OK for 80-20 Purchase
Lock into Prime Rates for Life
Finance Home Improvements w/ Low HELOC Rates
Fund Construction Projects
Get Cash for Down Payment
Buy a Vacation Home
Remodel Your House with great HELOC interest rates.

What is a draw period for a home equity line?
Home equity lines provide an accessible period of borrowing and re-borrowing for the initial draw period that is specified at closing. The draw period is considered the time period the lender allows the borrower to use the credit line without requiring any repayment other than the minimum interest due. After the draw period expires, the line of credit loan converts to a standard fixed rate loan with a repayment amortization ranging from 10 -20 years.

BD Nationwide can help you find some of the few companies offering interest only line of credit loans that convert to a fixed rate. Home equity lines are 2nd mortgage liens that allow you to cash in on the value of your property. BD Nationwide will help you find low rates on home equity line to maximize real estate financing without requiring any equity.

Finance Definition of Home Equity Line of Credit

Variable Interest Rate Home Equity Lines offer an available line of credit, like a credit card. The money allocated for the line of credit is also borrowed against the equity in the value of your home. Home equity lines of credit are considered mortgage liens in 2nd position on the deed to your property's title.

People making sporadic home improvements like home equity credit lines because you only pay interest on the amount of cash you access.

  • Money is allocated to the line of credit and access to the funds is granted to the borrower at time of closing escrow
  • HELOC (Home Equity Line of Credit) are Tax-Deductible
  • Annual fees are typically charged with a home equity line of credit

Linda's tip for securing access to emergency funds with a Home Equity Line
Ask Linda?

I believe that every person who owns a home should have a home equity line available in case of job loss or medical emergencies. Remember with home equity lines that you pay nothing unless you access the funds. What family wouldn't benefit from this added financial security?

Should I Get a Home Equity Mortgage with a Fixed or Adjustable Rate?

The second mortgage choices of which kind of loan are easy. It really comes down to two home equity options: a fixed rate loan or an adjustable rate loan.

When Is The Best Time For A Home Equity Loan?

Home equity loans can be efficient tools for financing home improvements, investments and consolidating credit card debt. Home equity lines of credit can improve cash flow, and provide flexibility for investing. Having an equity line of credit can provide a safety net of cash reserves for family emergencies and investment opportunities. We suggest getting approved for a home equity loan when you need it least.

Get Approved for a Low Rate Home Equity Line of Credit that Allows you to Borrower and Re-Borrower…

Can I get a Fixed Rate Home Equity Line of Credit?

Most equity lines of credit are revolving credit lines that are set to the US Treasury and reported as the prime index reported by the Wall Streets Journal. Nationwide is now offering a unique home line of credit that has a fixed rate for a few years, before the rate becomes adjustable. Just like your traditional 5/1 ARM, these equity lines of credit feature a rate that is fixed for a specified period. Three and five-year fixed home equity lines are the most common.

Many homeowners call this equity line, the best of both worlds, because they are only charged interest on the money they access, and the rate is still fixed for a set period.

  • Equity Lines up to $500,000
  • Repayment Term: 5, 15 or 20-year Teams
  • Draw Period: 10 or 15 years
  • Rate: Prime + Margin

Our Home equity line of credit includes a Checkbook & Credit card that are sent directly to you. This Home Equity line offers a flexible revolving credit line that allows you to borrow, payback, re-borrow, etc. payback the full amount. Use our Line of Credit to meet your financing needs! The APR may vary and is indexed to the prime rate as published in the Money Rates section of The Wall Street Journal. The qualifying home equity margin is determined by the loan to value ratio, debt to income ratios and the amount of the initial draw. Most experts agree that your ability to maximize your wealth is tied not to timing market swings, but to your time in the market. Save money and get out of debt faster! If you are unable to qualify for a secured debt consolidation loan, consider debt settlement to get relief from credit card debt interest.

This Home Equity line offers a flexible revolving credit line that allows you to borrow, payback, re-borrow, etc. payback the full amount.

  • Consolidate your high-interest credit card debt.
  • Borrow 90 to 100% of your home's appraised value.

Which home equity loan is right for you?
One important determining question to ask is...What is the purpose of the loan? Make sure that you remember why you are borrowing money. Keep your priorities first.

Nationwide offers both fixed rate home equity loans and interest only equity lines of credit, so we will get you the best possible financing solution for both your short & long term goals.

Resource Tools

Refinancing Calculator
Analyze the benefits of home refinancing. Get help calculating the monthly payment and discover the net interest savings. This tool will help calculate how many months it will take to get a return on investments for the mortgage loan costs.

Prevent Foreclosures with Home Equity Lines

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Home Renovation

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Cash Out Refinance Vs. Home Equity Loans - You may be surprised which home equity program is the best cash back solution for you.

Free Home Equity Finance Guides

Take advantage of our free guides that help explain the risks of variable rate interest with home equity lines.

Equity Credit Line Fed Tips
Understanding Credit Scores
ARM Rate Mortgage- Guide

Client Testimonials

"I need cash quickly to help my new start-up business. Nationwide showed me how to utilize my home equity with a secure credit line that gave me access to money whenever I needed it.

This account they call a HELOC has helped me when I was in a pinch many times. I will definitely add you to my Christmas card list. Thanks for everything!
– B. Howard

Premium Home Equity Line Products:
Home Improvement Loan | Home Equity Refinance | Prime Credit Lines | Fast Cash Loans | Stated Income Home Loans | Bad Credit Home Equity Lines | Discount Home Equity Loans | Credit Lines for Emergencies | Second Mortgage | Cash for House Repairs | Outdoor Living | Refinance | Swimming Pool Construction | Finance a Home Remodel | Home Equity Lines of Credit

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 HELOC rates are subject to change. BD Nationwide was affiliated with a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Nationwide is affiliated with a federally chartered bank located in Maryland licensed to offer home loans in all 50 states.

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