100% Second Mortgage

Compare nearly 100 home equity loan options with our 2nd mortgage products for cash out or debt refinancing. The 100% second mortgage has become one of the most popular subordinate liens in years. People continue to see the value in getting cash out with virtually to equity when approved for an equity loan to 100%.

Our lending partners offer premium 100% mortgages with fixed rates and no equity needed. Find out how appealing these high LTV loans and 100% LTV mortgage programs with no fees and no obligation.

Compare Over 100 Second Mortgage, Home Equity Loans and HELOCs Online!

Whether you need to refinance adjustable rate credit card debt, take cash out for financing home improvements, or refinance a variable rate credit line, we offer 100% loans with competitive interest rates for people with all types of credit profiles. Did you know that second mortgage rates recently dipped to all-time record lows?

Get more insight on the pros and cons of fixed rate and variable rate second mortgage loans up to 100% combined loan to value. First Time home-buyers and new homeowners are invited to apply as well! Credit Rating: Good or Excellent. Key qualifiers: residual income, credit score, and full documentation. Fair credit accepted in some cases with strong compensating factors that the underwriter sign off on. Take a few moments and verify the current second mortgage rates.

As the rates rise on 2nd mortgages, people like the flexibility of taking a second loan out and accessing cash up to the appraised value of your home. The 100% 2nd mortgage and refinance products offer low competitive rates, and with the Fed on a rate hiking rampage, it may be a good idea to lock into a 100% fixed interest rate amortization schedule.

  • 100 Percent Mortgage Options for a Fixed Rate
  • 90-100% Loans and Line of Credit with a Variable Rate
  • 100% Stated Income Mortgage (on hold)
  • 100% Stated Value Second Mortgage (on hold)
  • Bad Credit Home Equity Line of Credit (on hold for 100%)

Do I need to pay mortgage insurance when taking out a 100% second mortgage?

No mortgage insurance or PMI is ever required with our second mortgages. Whether you are borrowing 125 or 100%, 2nd mortgage lenders will not require you to add mortgage insurance. Find out what 100% LTV Mortgage options are available to you with your credit and income credentials. Ask about no money down home loans and see if the 1st 2nd combination makes sense for you at this time.

Compare Over 100 Home Equity Loans Online!


100% Second Mortgage Loans

Fixed Rate Low Monthly Payments
No Equity with Home Loans to 100%
100% Loan to Value 2nd Mortgages
Cash Out for Debt Consolidation
Save Thousands of Dollars a Year
Refinance Loans for All Types of Credit
Consolidate all of your Bills into One Low Monthly Payment.
Combine 1st & 2nd Mortgage together
No Income Verification (on hold)
1st time Homebuyer Programs

There are plenty of different reasons to consider getting a second mortgage or refinance. In some cases, you can lower your monthly payments, take advantage of lower interest rates, get better loan terms, and more. Another reason to think about a 2nd mortgage is that in certain cases you can actually get cash back from the refinance itself. This is known as a "cash out refinance" and is something you might want to consider if you need extra money as well as a new loan.

Essentially, second mortgage loan or cash back is nothing more than a subordinate lien. Whereas a refinance is for an amount larger than the current total you owe on your current mortgage. For instance, you may currently owe $150,000 on your mortgage, but refinance with a $200,000 loan. This gives you an extra $50,000 in your bank account that you can use however you like renovations, remodeling, paying off credit card debt, or something else entirely. With a 2nd mortgage you would keep the $150k 1st lien while taking out a new 2nd mortgage for $50,000. Sometimes people that have an incredibly low interest rate on their 1st lien will opt for a second mortgage so they can hold on to that low rate.

2nd mortgage

More Popular Second Mortgage Loans to Consider:

Please view the popular 2nd mortgage products below. If you need more information, Please select the loan that interests you most. To get more details click the relevant link below to get more information and helpful advice.

125% Second Mortgage 90% 2nd Mortgages 2nd Mortgage Rates
80% Prime Rate Loans 105% 2nd Mortgages 115% CLTV

*2nd mortgage loans are subject to submitting an application to licensed lenders. The essential conditions for approvals are underwriting qualifications such as: verification of income, employment, assets and other information like obtaining an acceptable property.


Should I Finance a Second Home for Investment Purposes with a
Fixed or Adjustable Rate Mortgage?

If you do not have the cash to put down on a second home, but have equity in your primary residence or other property you could utilize it in purchasing your investment property through a home equity loan or 2nd mortgage, and refinancing your current mortgage. Twenty-eight percent of investors with an investment property mortgage used their primary residences to procure down payment funds and you may be able to do the same. If you have not taken advantage of the lower rates since you purchased your primary residence, mortgage financing is something you should consider immediately while the rates are still low even if you are not looking at an investment.

 

Resource Tools


More Helpful Blog Articles

- Second Chance Mortgage
- VA Loans with Bad Credit
- Sub-Prime Second Mortgages

Call for Free Loan Consultation with second loans and credit lines starting at $5k. BD Nationwide specializes in a wide variety of equity loans and 2nd mortgages.

100% Mortgage
Get your questions answered on high LTV home loans and more. Our reps are here to service your Finance needs!


Home Equity News

2nd Loan Tips for Low Rate Refinancing with the HARP 2.0.
Freddie Mac and Fannie Mae will approve a 2nd mortgage subordination if the lender signs off on it. In the past lenders were uncomfortable allowing a 100% home equity loan to subordinate to a new loan in a refinance transaction, so this is good news for homeowners struggling with underwater loans.

While plenty of house buyers have been able to take advantage of numerous programs and incentives over the last several years, those who already own a home can easily feel like they're missing out. That's why refinancing or taking out a 2nd mortgage have become something that almost every homeowner should consider for themselves from time to time. When you have no equity in your home it can be difficult to realize your dream of lower interest rates and reduced payments.

Related Second Mortgage Pages:
2nd Loan Closing Costs | Vacation Home Mortgage | Adjustable Rate Second Mortgage | Refinance Bad Credit | Fair Credit Mortgage | Terms | No Documentation Mortgage | Affordable Second Mortgage | Low Closing Cost Mortgage | Bad Credit FHA Home Loans | Fast & Easy Second Mortgages | Second Mortgage Foreclosure | Second Mortgage Refinancing | Bad Credit 2nd Mortgages | Debt Consolidation | Bad Credit Home Equity Loans | Fixed Rate Second Mortgages | Popular 2nd Mortgage | No Income Verification | Fixed Rate Refinance
Apply Now | Disclaimers and Terms | About Us

BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit. 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. BDNationwideMortgage.com does not make loans or issue approvals on 100% mortgage programs. BD Nationwide was affiliated with national lenders and a federally chartered bank located in Maryland licensed to offer 2nd mortgage loans in all 50 states.

Copyright © 2001-2017 and Beyond, BD Nationwide Mortgage- All rights reserved