Second Mortgage Lines

Nationwide offers flexible second mortgage lines with interest only and variable rates for credit lines held in 2nd position.

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.

Credit Rating : Poor Fair Good or Excellent.
Key qualifiers : property value, credit score, and stated income OK.

Borrower and Re-Use Funds with Home Equity Lines of Credit

  • 125% Second Mortgage Line of Credit - Excellent credit only!
  • 100% Second Mortgage Line of Credit - Good and Excellent credit required!
  • 90% Second Mortgage Line of Credit - Good and Fair credit scores are accepted!
  • 80% Second Mortgage Line of Credit - All types of credit scores are allowed!
  • Click Here for a Free Second Mortgage Quote


    Second Mortgage Line of Credit

    Interest Only- Low Payments
    No Equity Required! 125%
    Cash Out for Debt Consolidation Home Improvement
    Mortgage Loans for All Types of Credit
    Consolidate all of your Bills into One Low monthly Payment.
    Only Pay Interest on what you Access
    Stated Income –No Doc Loans
    1st time Home Buyer Programs
    Flexible Equity Lines of Credit

    >> Learn more about Second Mortgages for People with Less than Perfect Credit

    Second mortgage loan programs, 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 & Lender based margins. All loan programs are subject to lending & underwriting approval. Unfortunately, not all loan applicants will be approved.

     

    Preferred Loan Type
    Property Type
    Property Value
    Credit Rating


    Resource Tools


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    Analyze the benefits of refinancing. Get help calculating the monthly payment and discover the net interest savings. It will also calculate how many months it will take to get a return on investments for the mortgage loan costs

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    Please be aware that this is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. 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. Nationwide is affiliated with national lenders and a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright 2001-2010 and Beyond, Nationwide Mortgage Loans - BDnationwidemortgage.com is a website and cannot make loans. All rights reserved.