No Income-No Assets Home Equity Loan (NINA)

Nationwide Mortgage Loans offers reduced documentation home equity loans and 2nd mortgages with no income and no assets required for qualified borrowers.

Self-employed borrowers, independent contractors and many sales persons need a reduced documentation second mortgage because gathering the paper-work that underwriters require would be a nightmare.

Many of these types of homeowners have grown accustomed to no income verified home financing because it streamlines the loan process for them at a competitive rate of interest.

Stated income Home equity loans have become very popular for people who commission driven borrowers whose income can vary significantly from month to month. Credit scores become the most important factor for underwriting these types of loans.

Typically the interest rates are slightly higher than standard full documentation home loans. Bankers and lenders argue that "Stated-Income - Stated Asset loans carry a higher risk factor and justify the higher interest rate and fees."

3 Types of Reduced Doc Equity Loans:

State Income/ Verified Asset home equity loans

No Income / No Asset Home equity line or loan

No Income Verified - Bank Statement second mortgages

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Premium Equity Loan Products:
125 Home Equity Loans | Home Improvement | Home Equity Refinance | Prime Credit Lines | Fast Cash Home Equity Loans | Stated Income Home Equity Loans | Low Closing Cost | Discount Home Equity Loans | Low Interest | Debt Consolidation Home Equity Loans
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 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 home loans in all 50 states.

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