Second Mortgage

Comprehensive Guide for 2nd Mortgages

Nationwide offers a comprehensive second mortgage programs and equity loans to help you refinance, purchase or consolidate debt with low 2nd mortgage rates. You will find just about everything you need here for second mortgages with fixed or adjustable rates for financing or cash out refinancing. With the housing market rebounding, more second mortgage programs will be introduced to fulfill more borrower needs.

Record Low Second Mortgage Rates

With over 100 second mortgage programs, our team looks forward to helping you find a 2nd mortgage solution. We offer programs that reward home equity, as well as loan products that require no equity at all. Good credit...bad credit...We offer prime, subprime second mortgages and FHA loans that will help you refinance debt or finance home improvements.

Nationwide offers a comprehensive guide for second mortgage loans for purchase, refinance or debt consolidation. You will find just about everything you need here for second mortgages with fixed or adjustable rates for financing or cash out refinancing.

Second Loans, Refinance & Debt Consolidation Mortgages

Nationwide Mortgage Loans is a home equity loan company offering cash out refinance, home equity loan credit, no equity loans, debt consolidation refinancing with fixed rates or interest only home equity lines of credit. We provide the best home equity loans nationally with a wide selection of second mortgages. Nationwide offers all types of home loans in 1st or 2nd position with refinance home equity options for fixed rate installment loans or revolving credit lines. Our home equity lenders remains as one of the last premiere home equity loan bankers who still offer 100 and 125% mortgage loans. We offer prime equity loan refinancing and lines for people with good credit and subprime home equity options for borrowers with bad credit. Nationwide is focused on remaining an industry leader for high LTV equity loans and home refinancing transactions. In a recent article, IHE Account Executive Dan Ambrose said, "No broker has a better understanding of home equity loans."

Home equity loans are more difficult to qualify for these days because of the equity loan default rise. For fair or less than perfect credit, consider getting cash out with FHA refinance loans that require very little equity. Borrowers can get cash back in a home loan from 85% to 95% loan to value.

Consider stated income loans that allow first time homebuyers to qualify for loans without having to document their income. Please Note: No income mortgage loans are very difficult to qualify for. You will need ample equity and high credit scores for loan eligibility. Remember, an equity loan that requires less documentation usually requires a lot more equity.

If you would rather not refinance your 1st mortgage, but need cash out for consolidating debt or financing home improvements, then Nationwide is the lender to help you maximize your home's equity will minimizing the cost of refinancing. Cash out equity loan and home refinancing volumes have increased significantly this year, and the consumer demand is sure to drive expanded guidelines for larger loan amounts.

Preferred Loan Type Select ---------------> Mortgage Refinance Cash Out Refinance Home Equity New Home Purchase Property Type Select One-----------> Single-Family Detached Condominium Cooperative Multi-Family Dwelling Modular Mobile Home Manufactured Home Property Value Select One-----------> 1st Time Buyer 75,000 - 80,000 80,000 - 85,000 85,000 - 90,000 90,000 - 95,000 95,000 - 100,000 100,000 - 105,000 105,000 - 110,000 110,000 - 115,000 115,000 - 120,000 120,000 - 125,000 125,000 - 130,000 130,000 - 135,000 135,000 - 140,000 140,000 - 145,000 145,000 - 150,000 150,000 - 155,000 155,000 - 160,000 160,000 - 165,000 165,000 - 170,000 170,000 - 175,000 175,000 - 180,000 180,000 - 185,000 185,000 - 190,000 190,000 - 195,000 195,000 - 200,000 200,000 - 205,000 205,000 - 210,000 210,000 - 215,000 215,000 - 220,000 220,000 - 225,000 225,000 - 230,000 230,000 - 235,000 235,000 - 240,000 240,000 - 245,000 245,000 - 250,000 250,000 - 255,000 255,000 - 260,000 260,000 - 265,000 265,000 - 270,000 270,000 - 275,000 275,000 - 280,000 280,000 - 285,000 285,000 - 290,000 290,000 - 295,000 295,000 - 300,000 300,000 - 305,000 305,000 - 310,000 310,000 - 315,000 315,000 - 320,000 320,000 - 325,000 325,000 - 330,000 330,000 - 335,000 335,000 - 340,000 340,000 - 345,000 345,000 - 350,000 350,000 - 355,000 355,000 - 360,000 360,000 - 365,000 365,000 - 370,000 370,000 - 375,000 375,000 - 380,000 380,000 - 385,000 385,000 - 390,000 390,000 - 395,000 395,000 - 400,000 400,000 - 405,000 405,000 - 410,000 410,000 - 415,000 415,000 - 420,000 420,000 - 425,000 425,000 - 430,000 430,000 - 435,000 435,000 - 440,000 440,000 - 445,000 445,000 - 450,000 450,000 - 455,000 455,000 - 460,000 460,000 - 465,000 465,000 - 470,000 470,000 - 475,000 475,000 - 480,000 480,000 - 485,000 485,000 - 490,000 490,000 - 495,000 495,000 - 500,000 500,000 - 505,000 505,000 - 510,000 510,000 - 515,000 515,000 - 520,000 520,000 - 525,000 525,000 - 530,000 530,000 - 535,000 535,000 - 540,000 540,000 - 545,000 545,000 - 550,000 550,000 - 555,000 555,000 - 560,000 560,000 - 565,000 565,000 - 570,000 570,000 - 575,000 575,000 - 580,000 580,000 - 585,000 585,000 - 590,000 590,000 - 595,000 595,000 - 600,000 600,000 - 605,000 605,000 - 610,000 610,000 - 615,000 615,000 - 620,000 620,000 - 625,000 625,000 - 630,000 630,000 - 635,000 635,000 - 640,000 640,000 - 645,000 645,000 - 650,000 650,000 - 655,000 655,000 - 660,000 660,000 - 665,000 665,000 - 670,000 670,000 - 675,000 675,000 - 680,000 680,000 - 685,000 685,000 - 690,000 690,000 - 695,000 695,000 - 700,000 700,000 - 705,000 705,000 - 710,000 710,000 - 715,000 715,000 - 720,000 720,000 - 725,000 725,000 - 730,000 730,000 - 735,000 735,000 - 740,000 740,000 - 745,000 745,000 - 750,000 750,000 - 755,000 755,000 - 760,000 760,000 - 765,000 765,000 - 770,000 770,000 - 775,000 775,000 - 780,000 780,000 - 785,000 785,000 - 790,000 790,000 - 795,000 795,000 - 800,000 Over 800,000 Credit Rating Select ---------------> Excellent Good Fair Poor What's your credit score? Click HERE to find out now!

Please review the loan program details for second mortgage products that are available with B.D. Nationwide. The mortgage guide below can assist you in selecting a loan that is best for your situation. Please be aware that 2nd mortgages are subordinate liens that would be taken out, in addition to your 1st mortgage.
Second Mortgage Comparison - Consider loans side by side. Fixed or Variable interest rates for loans up to $500,000.	Second Mortgage Interest is Tax Deductible!
Credit Qualifications - Get more info on what fico scores are required for specific 2nd mortgage programs. Learn more about how much underwriters will approve you for with your payment history reported by Trans Union, Experian and Equifax.
Simple Interest Second Mortgages This 2nd mortgage program is tax deductible installment loans that calculate the interest using simple interest amortization. This type of interest is much better for consumers than compounding interest that increases debt much faster.
125 Second Mortgages These are fixed rate mortgages that go up to 125% combined loan to value. First Time Home-buyers OK Credit Rating: Excellent. Key qualifiers: property value, high credit scores 680+ and no stated income allowed.

Second Mortgages 100% Consider these second mortgages up to 100% combined loan to value. First Time Home-buyers OK Credit Rating: Fair Good or Excellent. Key qualifiers: property value, credit score, and stated income OK.
90% 2nd Mortgage Loans Fixed rate second mortgages up to 100% combined loan to value. First Time Home-buyers OK Credit Rating: Fair Good or Excellent. Key qualifiers: property value, credit score, and stated income OK.	Utilize your Home Equity Wisely with a Second Mortgage
Sub-Prime Second Mortgage Many people hit some bumps on the road to financing. We offer non-conforming and sub-prime 2nd mortgages to help people with poor fico scores rebuild their credit and save money by consolidating their adjustable interest debts.

Interest rates and services offered may not be available to residents in certain states. State restrictions may apply. For updated licensing info please mail request to Nationwide Mortgage Loan Company. For Adjustable rate mortgage loans APR calculations are based from the index and lender based margins. All loan programs are subject to lending & underwriting approval. Unfortunately, not all loan applicants will be approved.

Many financial experts consider both second mortgage loans to be valuable tools for homeowners to access quick cash and consolidate their high rate consumer debts. Our second mortgage experts will help you find the best loan that uncovers the most savings.		Free Debt Consolidation Quotes
State Guide for 2nd Mortgages	Frequently Asked Questions

Second Mortgage Line of Credit Second Mortgage lines are revolving lines of credit like credit cards, yet they are secured by your home collateral. Second Mortgage lines are recorded on title as a second mortgage lien. With home equity lines of credit you only pay interest on the amount of cash used. Credit lines can be used over and over. Most banks offer home equity lines of credit to 80 or 90% combine loan to value. Nationwide Mortgage Loans offers equity lines to 100% and even 125% in some cases. Lines of credit have interest only payments for the first 10 years of the loan. After the draw period, the remaining principal balance owed converts into a fixed rate loan amortized for 10, 15, or 20 years. First Time Home-buyers OK Credit Rating: Fair Good or Excellent. Key qualifiers: property value, credit score, and stated income OK.

2nd Mortgage Pre-Pay When taking out an equity mortgage, you should always consider whether or not you should have a pre-payment penalty. In most cases you get a small interest rate reduction with a 2 or 3 year pre-payment penalty but it is better to pay a higher rate if you plan to pay off or refinance the loan prior to the pre-payment penalty expiration.

Second Mortgage Financing Now you can finance a second home or an 80-20 home purchase can be easier these days with various 2nd mortgage financing options to meet the needs of nearly every type of borrower. For more info on purchase loan options talk to your loan officer about program eligibility.

Interest rates and services offered may not be available to residents in certain states. State restrictions may apply. For updated licensing info please mail request to Nationwide Mortgage Loan Company. For Adjustable rate mortgage loans APR calculations are based from the index and lender based margins. All 2nd mortgage programs are subject to lending & underwriting approval. Unfortunately, not all loan applicants will be approved.