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House Refinance Tips With interest rates breaking records every few months, many homeowners have been completing multiple refinance transactions within a 24 month period. It makes sense, because if the rate declines .25 or .50 and you have the ability to save more than $50 a month, why wouldn't you. By lowering your housing expenses $90 monthly, you will be saving over $1,000 a year.

Fox Business suggests shopping around and comparing loan quotes for a house refinance. Read Fox article.

Many people ask us whether or not it makes sense to refinance with their existing company. Here is a key question - - What are they offering? Is the rate competitive? Do they charge you fees on this new home refinance loan? Did you like working with them last time?

Mortgage lenders announce a special home refinance program in which the lender pays all the closing costs and fees. Ask loan officers if you meet eligibility requirements for the no cost house refinance.

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Home Refinance

Review Loan Programs for Refinancing a House

Are you are shopping lenders for home refinance loans and alternative programs? We can direct you to trusted lenders for bad credit and high LTV situations. Over the last thirty years no home refinancing loan has been more used for accessing cash than the traditional 30-year fixed rate home refinance loan. Did you know that refinancing your home allows you to revise the terms of your existing loan? You can refinance adjustable interest rates into a fixed rate term or you can refinance your first mortgage and get cash back. If you have an adjustable rate loan or your interest rate is above 5%, there is a good chance that home refinancing will save you money and lower your housing expenses. The possibilities are limitless with home refinancing loan opportunities backed by Nationwide Mortgages.

Find Competitive Home Refinance Rates

  • See Bad Credit Home Refinance Programs
  • Home Mortgage Refinancing for 10 to 30-Years
  • No LTV Requirements under HARP Program
  • Choose from Government and Private Loans
  • Shop Lenders for House Refinancing Nationally
  • Find the Best Rates Available Online
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30 Year Fixed Rate Home Refinancing Loans
Good time to refinance as home refinance rates are available at all-time lows on the conforming, VA and FHA home refinance program. With mortgage rates at historically low levels, now is the time to use the equity in your home to finance that dream vacation or to consolidate high-interest debts! There is a way out of mounting debt, and Nationwide Mortgages is dedicated to finding the perfect home refinance plan for each client, regardless of damaged credit issues in the past. Even if you're not looking to change your mortgage, moving forward with a home refinance loan on your current loan could save you money immediately or put cash in your hands for various needs. Get More info from the reputable home refinance lenders at Nationwide, and you could be on your way to financial freedom!

Learn How to Lower Your Monthly Payment with the Most Competitive Home Mortgage Refinance Programs in the Country!
Refinance today and get cash for home improvements or consolidate your debts with extra cash out of the loan. Home mortgage refinancing can dramatically lower your current interest rate as well as lower your monthly mortgage payment so that you can save thousands of dollars each year. According to Forbes, the 30-year rates on home refinancing have reached the most affordable level seen in 50 years.

Rate & Term Home Loan Refinancing
Cash Out for Home Improvements or the Consolidation of Unsecured Bills, etc. Borrow up to 100% of the value of your home! Home refinance rates have never been lower. Compare VA, USDA, FHA and HARP refinance programs now.

Home Affordable Refinance Program
Millions of homeowners watched their equity disappear when the real estate market tanked. The U.S. government acted fast by rolling out a program called the Home Affordable Refinance, AKA, HARP mortgage. This government initiative encouraged lenders and banks to approve home refinancing to people that had insufficient equity or who were even underwater. Prior to this borrowers were limited to 100% Loan to Value. At first HARP allowed 125% but eventually there removed all loan to value criteria and there is no LTV cap whatsoever.

Cash Out Refinance
One of the most significant benefits of being a homeowner is having access to quick money using the property as collateral. So when a person was refinancing their house in many cases they also had the option to get cash back on top of the existing lien when the loan closed. Home refinancing with cash enabled borrowers to pay for home repairs, remodeling, paying off bills and many more reasons.

Jumbo Mortgage Loans
These loans do not conform to the guidelines established by Fannie Mae or Freddie Mac or exceeds the conventional loan limit is called a Jumbo loan. These loan amounts can go up to two million dollars with home refinance programs. We have helped many borrowers from California, DC, Virginia and New York secure jumbo loans in their high cost neighborhoods. We have seen many customers with large loan amounts save money by refinancing home loans even if they are considered a jumbo.

Conventional Loans
Conventional refinancing is a common type of first mortgages for consumers with good credit and an adequate debt to income ratio. We suggest seizing the moment and refinancing any variable rate or interest only mortgages. The Conforming Home Refinance Program is backed by Fannie Mae and Freddie Mac have been supplying the prime rates for over 40 years to homeowners with solid credentials.(ie. Credit, income, debt ratios, etc.)

Home Refinancing Insured by the FHA
These are refinance loans insured by the FHA. The FHA streamline is generally a little easier to qualify for than conventional loans and may require less equity to be approved for a low fixed home refinance loan. The rate for a FHA mortgage is now as low as conventional loans. Compare top FHA loan programs.

VA Refinance Loans
VA home refinancing was created to assist eligible people on active military duty or retired status to buy primary residences. The Dept. Veterans Affairs guarantees a house refinance with or without equity. They also approve cash back up 90% loan to value. With the VA streamline refinance, there is usually No Appraisal Required!

Traditional Home Refinancing
Learn more about home refinance loan programs for all types of borrowers. From the conforming refi to the government mortgage relief loan, borrowers are sure to find a home refinance loan that meets your unique refinancing needs. When private money investors get back into the industry we will begin to see more creative house refinancing opportunities arise like we did a decade ago.

How to Get a No Cost Mortgage Refinance Loan
You owe it to yourself to see if you qualify for a home refinance with no closing costs. That means the lender pays all the closing costs and fees for you.

Shop Home Refinance Loans

You should not get into any home refinancing transactions without knowing your fico scores from Trans Union, Equifax and Experian.

  • No Cost Home Refinancing
  • 100% Refinancing with VA
  • Government Insured House Refinance from FHA
  • Home Affordable Refinance Program with HARP 2.0

Fixed Rate House Refinancing

Home refinancing often opens up new opportunities to save money or get cash out. Today's 15 and 30-year rates make refinancing very enticing.

A fixed home refinance loan can help your credit rebound, and will often increase your credit scores with timely payments.


Refinancing Incentives
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Ask about new Federal Aid with the "Home Affordable Refinance" that was backed by the Government to help borrowers who are stuck with an underwater mortgage receive a home refinance loan with a low fixed rate regardless of their equity.

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Say "Good-bye" to compounding credit card interest with fixed home mortgage refinance loans. When you roll debt into a mortgage you save money and maximize tax deductions.
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Learn how to refinance and consolidate all your bills into one loan with a lower payment.
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Refinance subordinate liens into a home refinance loan that provides overall lower payments.
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Save Money Home Refinancing to Consolidate High Rate Bills!
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See if Converting Your Variable Rates with a Fixed Home Refinance Loan Saves You Money.
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Reestablish Credit for Higher Scores.
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Get Cash Out and Lock into a Fixed Home Refinance Loan.
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Finance Home Improvements
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Refinance a Home Equity Line of Credit and Convert to Fixed Interest.
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New Subprime Refinance Plans
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Check to see if you qualify for the HARP Refinance Program

No Cost Home Refinance Loans


Home Refinance Highlights
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Loan Amounts up to $2,500,0000
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Interest-Only Options
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10, 15, 20 and 30-Year Fixed Home Refinance Rates
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Affordable Refinance Home Loans
Home Refinancing Alternatives
>> 30- Year Home Equity Loans
>> Fixed Second Mortgages

No Cost Home Refinancing


Helpful mortgage info for terms & loan approvals:

Nationwide has been paring mortgage lenders with homeowners for reduced housing costs and improved loan terms. Usually when the Federal Reserve commits to purchasing a large volume of mortgages, it leads to lower home refinance rates for Americans. Of course as rates rise, saving will fall so you should make every effort to complete a home refinance today while the financial incentives do exist.


The 3.5% rate mentioned on this page was for a 300,000 at 3.5% is $1,347.13. This example of this home refinance rate would be with no fees paid at closing. The APR on this proposed loan is 3.5% because of the lender paid closing costs 3-12-15 borrower needed a 700 fico and 75% CLTV with acceptable income sources.

 

6 Advantages to Save Money from a Home Mortgage Refinance

Rates are still very low and refinancing is a popular way for some homeowners to save money. Some of the big benefits you can enjoy with a home mortgage refinance include:

  • Secure lower payments each month
  • Lock a lower interest rate for the term of the loan
  • Extra money available each more to pay down debt

Whether you should refinance can be a complicated question depending upon your mortgage situation. Six key advantages for many homeowners who refinance include: 

#1 Refinance Your Home for a Lower Rate

Obviously, the biggest benefit of refinancing is reducing your rate. If you have been paying your mortgage on time for a number of years, you may well have increased your credit score. This is a good opportunity for you to take advantage of all that hard work and refinance into a lower rate that can save you hundreds of dollars monthly.

#2 Lower Debt Load

Many people are able to refinance their home so that they can pay down higher interest debt. After all, there are few types of credit accounts that have a lower interest rate than a mortgage at today's rates; some homeowners are able to refinance at less than 4%! This makes a lot of sense, especially if you are carrying debt with a much higher interest rate.

#3 Lowering Your Loan to Equity Ratio

The big plus of doing this is that you may not have to pay for private mortgage insurance. If the down payment that you paid when you purchased was less than 20% of the price, you probably had to buy private mortgage insurance or PMI. This usually costs .5% to 1% of the amount of your loan. For a house that costs $200,000, this could mean $2000 per year.

After you own your house for several years, you will probably be able to increase equity and change your loan to equity ratio. What it means: Refinance at a lower rate and pay no PMI!

Assume that you are saving a 1% PMI payment each year on a $200,000 home. That would allow you to put more than $150 per month into your mortgage payment and pay it off faster.

#4 Grace Period

When you refinance your mortgage, you most likely will have a grace period before you start your new payments. You may enjoy a month or more of no payment. So, it is a good idea to take advantage of that one or two months by socking the money away, or possibly paying down debt.

#5 Shorten the Term of the Loan

When interest rates drop, some homeowners take advantage by refinancing into a shorter term loan and not seeing much change in the monthly payment. For example, if you were to refinance a 30 year fixed mortgage of $100,000 into a 15 year loan, depending upon the interest rates, you could see only a small change in payment. This would be the case if you took out the mortgage when rates were higher, then the rates dropped one or two points later.

#6 Convert from Adjustable to Fixed and Vice Versa

Adjustable rate mortgages or ARMs offer lower rates than fixed mortgages at first. However, a periodic adjustment will occur and the rate could go higher. When this happens, you can save money by refinancing into a fixed rate mortgage. This offers you the benefit of enjoying a lower rate, and not having to worry about interest rate hikes later on.

Also, converting from a fixed mortgage into an ARM also can make sense for some homeowners. This is especially true when interest rates are falling. If they keep falling, the rate adjustments that occur could cause your rates to drop and make those mortgage payments smaller. This could prevent you from needing to refinance every time rates drop.

Converting to an ARM can make sense if you do not plan to stay in the house more than three years.

More Home Refinance Considerations

Refinancing often makes a lot of sense. There also are some considerations to think about when you refinance:

  • Look for high closing costs. Anytime you refinance, you will have to pay closing costs again. It is very important to think about how long you are going to live in the home after you refinance. If you are going to move in two years or less, you may not save enough from lower payments or PMI for it to be worth it.
  • Make a plan for what you are going to do with the money you save every month when you refinance. Whether you plan to invest, pay down that mortgage or save for a child's college education, it is wise to make a concrete plan so that money is not wasted.
  • The best candidates for a refinance have steady income and have at least 10% equity in their home. A FICO score of 740 or higher is preferred, but many borrowers are able to refinance with a lower score.
  • Remember that you generally need to maintain the original mortgage for at least one year before you refinance.
  • When you do refinance, you can use whichever lender you like. Just remember that if you use the same lender, you may not need to pay for a new title search and appraisal.
  • The bottom line is that refinancing can be an excellent financial move because it cuts your monthly payment, and may shorten your loan's term and build more equity. If you use this tool carefully, it can be a real asset for your long term financial health. Top 10 Mortgage Refinance Programs
Additional Home Refinancing Choices from Nationwide Mortgages
Find out why thousands of homeowners trust Nationwide for their home refinancing endeavors. Our lenders have extended new options for refinancing with no income documentation required for self-employed borrowers.
Have you been searching for fixed home refinance loans online? Stop getting penalized by other lenders because you own your own business.  Fixing your adjustable rate mortgage is long overdue. We suggest for you to refinance home loans and credit lines into a fixed payment with an interest rate that is secure for thirty years. We help people qualify for affordable second mortgage loans that save them money. When comparing a home refinance to a 2nd mortgage, keep in mind that both lenders will be paid when if you decide to sell your property. The real question is, "Do two payments versus one payment raise your housing costs?" If you have the ability to refinance home loans into one payment and your housing expenses are lowered, "It's a no brainer."

Nationwide Mortgages connects consumers with home refinance loan offers in all 50 states. Let our team help you find competitive refinance rates for your local area.

Even if previously lending companies did not accept your request for home refinancing, new opportunities have arisen with Nationwide lenders all the time. There are several fixed home refinance programs coming out all the time so it's worth discussing your situation with a loan agent every few months.

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Nothing on this web site contains an offer promise either to make a home refinance loan or that any participating lender will guarantee an approval for any purpose or on any specific terms. Home refinancing terms cannot be made online or be approved without an underwriter analyzing your credit score, debt to income ratio and combined loan to value. This site has no affiliation with HARP, FHA or any other government refinance program.

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