More and more brokers are offering fixed rate second mortgages and FHA refinance loans designed for borrowers who need a lower fixed rate payment that doesn’t adjust as the wind blows. Shop exclusive offers for 85% cash out FHA loans with competitive interest rates for 15 and 30 year terms. For those homeowners who already have a good rate on their first mortgage, we offer convenient 100% and 125% loan programs with no equity required for cash out refinancing.
Consider a 2nd Mortgage with a Fixed Rate and Fixed Monthly Payment
We will help you find highly respected equity loan brokers at no cost. This is important because year in and year out they provide consumers competitive fixed rate second mortgages. Our team of financing consultants will help you choose the right loan, whether it’s FHA financing or second mortgage, our team of experts will make sure that you can afford the monthly payment at the lowest possible interest rate.
Ask a loan officer to help you get the latest fixed interest rates for FHA cash refinance loans, second mortgage loans, home equity lines of credit, refinance and purchase money 2nd mortgages for people with both good and bad credit scores.
As the Federal Reserve looks to increase HELOC’s and adjustable rate second mortgages, it may be in your best interest to lock into a fixed rate 2nd mortgage in 2024.
Compare Mortgage Refinance Offers with Fixed 2nd Mortgage Rates
Refinance your existing equity loan or take out a 2nd mortgage and lock into a fixed rate loan with fixed terms and fixed payments for the life of the loan. Fixed rate second mortgages are perfect for financing home improvements, consolidating credit card debt or making investments.
- Alternative Fixed Rate Refinance Loans
- FHA offers 30-year fixed interest rate terms.
Many borrowers do not qualify for a equity mortgage because of their low fico scores. FHA allows cash out refinancing with scores as low as 500, so if you may want to consider this type of loan if you were denied for a second mortgage lien recently.
- Home Improvement Loans
- Fixed Rate Simple Interest Mortgages to 125%
- Second Mortgage Refinancing with Fixed Interest Amortization
- Debt Consolidation Loans with Reduced Rate 2nd Mortgages
- Pay off Adjustable Rate Credit Lines with Fixed Rate Second Mortgages
Shop Fixed Second Mortgage Rates
Refinancing second mortgages with fixed interest rates can save you money, and help you pay back the loan within a reasonable time frame. If you currently have an adjustable rate second mortgage or home equity line of credit, it makes a lot of sense to review your refinance options and lock into a fixed rate loan.
Fixing the rate can help you feel secure with your finances because it provides a fixed monthly payment, and a fixed interest rate that has a fixed term for repayment. You can borrow against your home’s equity when you need cash, with either a second mortgage or an equity line of credit, depending on your needs. Both offer tax advantages that most other financing options don’t offer.
Nationwide Loan Spotlight: Fixed-rate second mortgages are proving to be valuable tools for homeowners grappling with accumulated credit card debt and lacking available equity for refinancing. These second mortgage loans empower consumers to settle bills, refinance variable credit card interest, and secure extra funds for various home improvement projects. Also see options for No Income Verification, Bill Consolidation and Bad Credit Refinancing.