Home Improvement Loans

Finance Repairs and Construction

Check out home improvement financing with flexible options with fixed mortgage rates or variable rate home equity credit lines with interest only payment options for increased cash flow. There are many home improvement loan opportunities that have been rolled out from bank, credit unions and mortgage companies this year.

BD Nationwide introduces borrowers to lenders that offer 2nd mortgages and home equity credit lines with interest only or fixed interest rate mortgage that provide money for construction and rehabilitation. There are primarily two options for financing home improvements, home equity lines of credit and home equity loans. Home equity lines of credit are very popular, because you only pay interest on the cash you access. The minimum payment for a home equity line is an interest only payment. The only "catch" is that equity lines have an adjustable rate that can cause your payment to increase. Fixed rate home equity loans could help secure your finances because it ensures a set monthly payment and a fixed interest rate for the duration of the loan. You can borrow against your home's equity when you need cash, with either a fixed rate equity loan or a HELOC-loan, depending on your needs. Both offer tax advantages that most other financing options don't offer. As property values rebound, we anticipate that the market for home improvement loans will surge in the next few years.

Finance Home Remodeling with Low Rate Improvement Loans

Second mortgages are very popular loans for people who need help accessing cash for making home improvements. Remodeling, expanding and making improvements on your home can often increase the value of your home. Home improvement loans have become very popular over the last few years as second mortgage rates have dropped to record lows. If you already have an adjustable home equity line, consider first refinancing into a fixed rate home equity loan. Check today's home equity line rates now.

Stop talking about home improvements and make them. I could add that making home improvements will increase the morale in your family.

No Equity Home Improvement Loans

Making effective home improvements like updating your kitchen, and enhancing your "curb appeal" can significantly increase your home's value. So next time, you consider get a home improvement loan, remember to make wise improvements on your secured asset, because they can have profound effects on the future value of your home.

Finance Home Improvements
Call Nationwide to learn more about financing home improvements.

Nationwide Mortgage Loans Loan Spotlight

125 Mortgage
Fannie Mae and Freddie Mac have expanded the 125 loan by eliminating the cap on negative equity. First time homebuyers and people with no equity used the high LTV home improvement loans in the past to exceed the appraised value with loans amounts allowed up to 115% on the 203k. Now you can pay off bills, refinance variable credit card interest and get additional funds to finance some house repairs and renovation.

Also see options for No Income Verification, Home Refinance Loans & Bad Credit Refinancing.

Is Home Building Forecast Bleak?
Mortgage Rates & Construction Costs Fuel Concern

According to the National Association of Home Builder's Housing Market Index Home-builders' "sentiments about the business forecasts are at an 11-year low.

Are things really that bad? At the current pace, sales are shaping up to be the 3rd best on record & the share of new homes sold before completion is still at 74%.

Many people have expectations too high, because the last few years have been so robust. so long that expectations have risen. NAHB economist, Michael Carliner says, "What would have been 'good' a few years ago is now only 'fair' or 'poor."

There is a reason for concern. Material costs & the price per acre have been rising while inventories have been increasing as well. These factors could lead to home-builders reducing the prices for homes which could have a ripple effect through the economy. Time will tell if higher interest rate and increased construction costs lead to depreciation. -Source: Business-Week


Resource Tools

Loan Comparison Calculator
This calculator will help you to compare the total interest charges of several types of home improvement loans.

House Improvement Loan

Home Equity News

Mortgage Refinance News

2nd Mortgage Lenders Extend Home Improvement Loans

Cash Out Loans for Homeowners

BD Nationwide's goal is to help homeowners find the best rates online. In most cases, the best interest rates are available to qualified applicants seeking funds for construction and home improvements.

Nationwide On Twitter

It was really important to us to rehabilitate the house we had just purchased but we didn’t have enough saved so we took out an affordable loan for home improvements.
- James T., Long Beach, CA

Nationwide helped us get a home improvement loan without refinancing the 1st home loan. We were approved for $75,000 and our home has been completely remodeled. Thanks!
- Carol S., Las Vegas, NV
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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. 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. BD Nationwide was affiliated with national lenders and a federally chartered bank located in Maryland licensed to offer loans for house improvements in all 50 states. Copyright 2001 and Beyond, Nationwide Mortgage Loans - BDnationwidemortgage.com is a website and cannot make loans. All rights reserved. Check with a loan officer for current pricing on home improvement loans.