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Second Mortgage 115%
Nationwide Mortgage Loans continues to offer 115% second mortgage loans for qualified borrowers. 115% loans are offered purposes of refinancing, debt consolidation and cash out. Compare our wide selection of second mortgage loans that are available for people with all types of credit. These 2nd loans are similar to 125% mortgages, because they require no equity, as this loan allows your combined loan to value to go up 15% beyond the value of your house. Typically, the lenders will be a bit more forgiving with credit scores than 125% loans because there is less of a risk. However the interest rates for 115% 2nd mortgages are usually just as high or higher than the 125% loan in comparison.
Nationwide Mortgage Loans suggest that if you have more than 10,000 in credit card debt or have an adjustable rate credit line, then we strongly recommend you consider consolidating that debt into a fixed rate second mortgage that will offer you fixed monthly payments and increased savings. Our financing team helped design this 2nd mortgage to help homeowners eliminate compounding credit card interest with a simple interest loan without requiring equity as collateral. Relax at home comparing interest rates and second mortgage terms and conditions. Nationwide Mortgage Loans is one of the few lending brokers to offer equity loans and 2nd mortgages behind negative amortization loans and payment option ARM's.
| 115% Second Mortgage |
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Fixed Rate Low Monthly Payments |
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No Equity Needed! |
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Loans to 115% of home value |
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Cash Out for Credit Card Consolidation |
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Save Thousands of Dollars a Year |
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No Full Appraisal Required |
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Consolidate all of your Bills into One Low monthly Payment. |
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1st time Homebuyer Programs |
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