Second Mortgage Appraisals
Nationwide broker offers streamlined second mortgage loans with automated appraisals for quick loan closings. We strive for quick fundings for our home equity loans with fixed and adjustable rates because we are able to provide quick value options that can eliminate 5-7 days of the typical loan process.
Time and time again our clients have given us positive feedback about our quick fund second mortgages that allow non-traditional appraisals to be used in many cases.
Value is a key factor in determining your qualification and loan options for a second mortgage.
Residential appraisals evaluate and estimate the market value of your home. Appraisals are a lending requirement that sometimes can slow down the loan process. If you have fair of good credit scores you will most likely benefit from a statistical appraisal that many of the lenders that Nationwide works with allow. This type of appraisals is a helpful tool in helping your 2nd mortgage fund quickly. It eliminates the need to have a full appraisal done by a licensed appraiser. This will save you some money at the same time.
- Stated Value - no appraisal required
- Statistical Appraisal- comparable sales generated by computer (quick and easy) Accepted with most Nationwide Mortgage Loans programs.
- 2055-Drive-By Appraisal (faster than a full URAR, but still requires a licensed appraiser to complete an appraisal)
- Full URAR Appraisal - Standard residential appraisal for purchase mortgages, refinance, and bad credit second mortgages.