Typically for most mortgage lenders, equity is essential for qualifying for a home equity or second mortgage loan. B.D. Nationwide offers no equity second mortgages for qualifying borrowers seeking cash-out for debt consolidation or home improvement financing. Fixed rate second mortgage loans up to 125% combined loan to value.
High LTV 2nd Loans that Require Little or No Equity
No equity in your home is required! First Time home-buyers OK! If you need some cash consider one of our equity mortgage loan programs today. Today the most popular negative equity loan is under the HARP 3.0 program. People who have a lien owned by Fannie Mae or Freddie Mac may be in a position to refinance an underwater mortgage because there is no loan to value evaluated per home affordable refinance guidelines.
Credit Rating: Good/Fair or Excellent.
Key qualifiers: residual income, credit score, and full documentation.
Consider Our No Equity Mortgage Loans with a Fixed Interest Rate.