| 2nd Mortgage Lending
Lenders Nationwide has 2nd mortgage lending options for all types of borrowers. Tap the equity in your home and partner with the top equity lenders online. Get cash out with your home equity for debt consolidation or simply accessing additional cash. Home equity loans can be a valuable tool for many purposes. Get a traditional Rate & Term 2nd mortgage or consider a cash-out refinance with your existing 1st mortgage while the interest rates are still below seven percent nationally.
Find a Local Broker or Mortgage Lender in your neighborhood! Search for lenders and shop interest rates with the top home mortgage lenders online. Get free quotes for 2nd mortgage lending and with programs for bad credit, rate and term, debt consolidation and cash out.
2nd Mortgage Loan Features:
- 15,20, 25 30-year fixed rates
- HELOC’s behind Negative Amortization
- Interest Only: 10/5, 10/10, 10/25 (draw/ fixed repayment period)
Full Documentation and 12 Month Personal and Business Bank Statements
- Loan amounts up to $600,000 for Full Documentation
Stated Income and Reduced Documentation
- Loan amounts up to $300,000
Fixed 2nd Mortgage Loans
- Fixed monthly installment loans
- Minimum loan amount: $20,000; maximum loan amount: $500,000
- Eligible products include fixed-rates and balloons
- 5-25 year loans available or balloon terms
- Coupon book or Auto-Debit payment methods available
- No Closing Cost option available
Variable Home Equity Credit Lines
- Open-end home equity loan
- Revolving home equity line of credit
- Minimum loan amount: $25,000;
- Maximum loan amount: $500,000
- Variable rate linked to prime rate index
- 10-year Draw Period
- No Closing Cost option available
- Now available in all 50 states
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