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Find the Best 2nd Mortgage Offer with No obligation.

Apply in 30 seconds with one quick, easy form

Check Interest Rates today and get an unbiased quote from an experienced 2nd mortgage lender.

What are 2nd Mortgage Loans?

In general there are two types of second mortgages.

- "Home Equity Loan" This is a traditional style loan. The lender gives you the amount of money you're borrowing in one lump sum, and you do what you want with it while repaying it on a monthly basis. It's just like your initial mortgage except you have the cash to spend on what you want. Usually, home equity loans have a fixed interest rate though that may not always be the case.

- "Home Equity Line Of Credit" This second mortgage basically works like a credit card. Instead of getting the entire sum at once, you spend the money as you need it and repay accordingly. With this type of loan, interest rates will be adjustable.

The HOEPA Rules in 2014
The Consumer Finance Protection Bureau issued this final rule that amends Regulation Z, also known as the Home Ownership and Equity Protection Act.

The CFPB's final rule imposes certain requirements in conjunction with homeownership counseling. Lenders are now mandated to provide consumers with important info about homeownership counseling providers.

Provide you with info in advance defining the offer by explaining that you are obtaining a "high cost mortgage" while issuing the pricing, terms and fees that are required to procure this second mortgage.

Certify that you have received homeownership counseling about the particular high-cost mortgage the lender is offering you.

For a 2nd mortgage lien and your APR is more than 8.5% higher than the average prime interest rate quote for a comparable 2nd loan



Second Mortgage

People like a 2nd mortgage loan because it gives them the ability to get money from fixed rate mortgages without having to refinance their first lien. Shop second mortgage rates from lenders that offer popular loans for refinancing, purchase money, debt consolidation, credit lines, and subordinate financing for homeowners with good and bad credit. Shop equity loans and compare interest rates on 2nd mortgage loans now. There is a good chance that you will save money with our 2nd loans because we offer lower interest and charge less for lenders fees.

Find Low 2nd Mortgage Rates Now

Nationwide Mortgages can help you shop respected 2nd Mortgage Lenders who looks forward to helping you get cash out of your house cost effectively.

Preferred Loan Type:
Property Value:


Credit Rating:
Property Type:


Are You Looking for Quick Cash from 2nd Loans?

The fact is that second mortgages have evolved significantly over the last few decades. Homeowners have become savvier by getting creative with the possibilities from a second mortgage.

How Do I Qualify for a Second Mortgage Loan?

Getting approved for any type of equity loan usually requires income documentation for the last 2 years, a copy of your monthly mortgage statement, and a copy of the note on your 1st lien. The underwriter will analyze this along with your credit report and usually a statistical appraisal.

2nd mortgage guidelines changed drastically this year because of the foreclosure and mortgage crisis so discuss your needs with a loan officer before you make financial commitments. You may be able to accomplish the same goals with a standard refinance loan to get cash back. The 125% second mortgage program has been placed on hold for now. Underwater borrowers may qualify for a program called the Home Affordable Refinance Program that has no equity requirements for refinancing. Find out from the HARP lenders if you meet the HARP 2.0 eligibility.

Second Mortgage Loan Types
Cash Back 2nd Loans
second mortgage
Cut Your Credit Debt and Save up to 50% with our Powerful Second Mortgages!
Debt Consolidation
Home Improvement Loans
Cash Mortgages
Refinancing Second Mortgage
Flexible Credit Lines

1st Time Homeowner Loans
No Mortgage Insurance
Fixed Rate Second Liens

Sub-Prime 2nd Mortgage
No Income Verified
Bad Credit Second Mortgages Hard Money Lending
Stated Income Loan Program Interest Only HELOC

Nationwide Mortgages provides useful info online in regards to 2nd mortgages that have opened the door for many American home financing opportunities. Our second mortgage department has pioneered new territory with the lowest "2nd mortgage rates" online. Our ability to secure loans for homeowners with sub-prime and bad credit has set us apart from our competition. Accessing cash through your home has become paramount to personal investing. Ask our financing consultants how you can save money by taking out a second mortgage.

Banks Announce More 2nd Mortgage Programs
For years, homeowners have been advised to not simply let their mortgage sit and languish. Periodically, it's good to review the current loan market and interest rates as well as your situation and then compare it to your home loan. This is why many end up refinancing after a few years. But refinancing isn't always the best option. Many people end up deciding that instead of a refinance, a second mortgage is closer to what they are looking for. The recent announcement that banks are now offering more second mortgage programs than before means that there's never really been a better time than now to investigate this loan option.

Basically, 2nd mortgages are an additional lien that is secured by residential real estate. If you default on the loan, the bank can take your home. There is some risk, but with interest rates low and these additional second mortgage programs being introduced, it could be the right move for some to consider.

Usually, there aren't really that many restrictions about how you spend the money though some of these newer programs announced by lenders may have tighter restrictions.

Second mortgages have been around for decades, and could be perfect if you need extra money but don't want to refinance your existing loan. This is especially true for those with a good interest rate already locked in on their first mortgage. Second mortgages usually have low interest rates compared to first mortgages, which helps make them more attractive.

As for the new second mortgage programs just announced by banks, they're designed to help make it easier for homeowners to qualify for a loan. While decent credit scores and employment history will still be needed, these programs have less requirements and feature lower equity standards than older programs offer. It's expected that these programs will make a big difference in the lending environment throughout 2015, and as such they're an option that homeowners will likely be paying attention to.

If you're in need of extra cash and don't want to refinance, 2nd mortgage loans could be exactly what you're looking for. And thanks to these new programs, it may be easier to get a great one than you suspect. Talking to a good lender today could help you find the loan that is right for you.

Income Documentation for Second Mortgage Loans
Ask about reduced documentation 2nd mortgages for professionals, company owners, skilled tradesman, sales people, salaried and self-employed homeowners. Most equity loans require full income documentation.

100% CLTV- maximum loan amount-is $250,000
90% CLTV- maximum loan amount-is $300,000
80% CLTV- maximum loan amount-is $500,000
For more information and a No Cost Quote

Full Documentation - Second Mortgage
(W2's, Paystubs etc.)

125% CLTV- maximum loan amount-is $150,000
100% CLTV- maximum loan amount-is $300,000
90% CLTV- maximum loan amount-is $400,000
80% CLTV- maximum loan amount-is $500,000
For more information and No Cost Quotes

Second Home - Home Equity Line
Set up an equity line of credit for purchasing a second home, vacation home or rental property. Second mortgage credit lines on primary residences are one of the best ways to save money and buy a new home with no money down.

100% CLTV- maximum loan amount-is $200,000
90% CLTV- maximum loan amount-is $300,000
80% CLTV- maximum loan amount-is $500,000
For more information and a No Cost Quote

Non-Owner Occupied - 2nd Mortgage

90% CLTV- maximum loan amount-is $200,000
80% CLTV- maximum loan amount-is $300,000
70% CLTV- maximum loan amount-is $400,000
For more info and a No Cost 2nd Loan Quote

Shop Mortgage Lenders for More Commitment

Often times, banks and mortgage lenders offer unbelievable 2nd mortgages that appear to be too good to be true... We all know how the saying goes...The mortgage quotes are probably too good to be true. A good indicator is when you do not receive loan disclosures or the loan officer does not return your phone calls. Make sure that when you are evaluating lenders that you compare the "good Faith Estimate and Federal Truth and Lending Statement."

Be careful shopping at the second mortgages online, because many companies are making great offers to people with considerably high credit scores. Don't waste your time with people who quote you second mortgage loan terms without analyzing your credit, and debt ratios. Of course understanding the estimated value of your home is imperative for getting a real second mortgage quote.


Best 2nd Mortgage Rates

Call our 2nd Loan Department with your questions regarding home equity credit line rates and "second mortgage" lending options. Whether you want to discuss equity loan programs, mortgage rates or just need more assistance understanding mortgage terms like refinance, 2nd mortgage, home equity, home purchase, interest only or consolidation.

Get a Free Analysis from Multiple 2nd Mortgage Lenders. Learn More About the Rules and Requirements on Home Equity Lines and Fixed 2nd Mortgages. Get a No cost Evaluation When You Request a Quote Online.


Bad Credit Second Mortgage

Check out of the recent expanded loan programs for refinancing or getting another equity loan. Bad credit second mortgage products have been removed from most lenders guidelines because the 2nd loan default rate has been so high. We even work with companies that offer a home mortgage loan with bad credit.

* Past Credit Problems Allowed
* Bankruptcy are OK
* Lates reported on credit cards OK
* Mortgage late payments OK

Ask About a Free Loan Quote from multiple 2nd Mortgage Lenders


Key Home Equity Factors

Equity Lines of Credit

- Revolving Lines Like Credit Cards
- Adjustable Interest Rate
- Variable Rates
- Prime Rate-WSJ Index
- Open End Equity Line
- Borrower & Borrower Again
- Pay Interest on what you access
- Interest Only Payments
- For Home Improvement Projects
- Great for Safety Net
- Great Short term Cash

Uncover whether the Home Equity Line of Credit is the best financial tool for your situation.
2nd Mortgage Features
- Fixed Rate 2nd Loan Amounts - Fixed Term Loans
- Fixed 2nd Loan Payment
- Closed End Equity Loan
- Principal & Interest Payments
- Pay Interest on entire Loan
- Great for Debt Consolidation
- Great for Peace of Mind
- Great Long Term Cash

Do not let credit obstacles from years ago limit your home finance options.

Refinancing or adding a second mortgage can help your credit rebound, and will often increase your credit scores with timely payments.


• Refinance compounding credit card interest
• Consolidate all your bills into one lower mortgage payment
• Refinance your existing 2nd mortgage
• Save up to 75% with Bill Consolidation
• Convert your adjustable rates to a Fixed Rate Loan
• Rebuild your credit & Raise your Scores
• Get Cash Out
• Finance Home Improvements
• Refinance your home equity line of credit

Bank Statement Loans
• Loan Amounts up to $1,300,0000
• 1st & 2nd Mortgage- Interest-Only
• 70- 90% CLTV
• Cash- Refinance or Purchase

More Nationwide Loans
>> Home Financing and Purchase Loans

When shopping second mortgage companies remember to ask questions about refinancing debt into a secure home loan. If you can't qualify for a 2nd mortgage to consolidate credit cards because your credit is too damaged, consider debt settlement.

 
Second Mortgage Requirements: Full Documentation Loan

Please gather the loan conditions ASAP
* 2 years of Income documentation:
* W2s, 1099s, or Tax Returns
* Last 2 Pay-stubs
* Promissory Note
* Monthly Mortgage Statement
* Home Owners Insurance Page

You can send documentation to lenders, once you have shopped companies and feel confident with the loan terms. Please complete the simple request for more info form and discuss your loan needs with the loan officer who will be responding to your request. To complete the loan request form online.


Additional Mortgage Info from Nationwide Mortgages

Less is more! Who likes gathering documentation together for the home loan process? Nationwide provides a path to companies that extend credit on great second mortgage programs that enable you to qualify with less documentation.

Borrowers no longer have to refinance their first mortgage to get access to money or to consolidate bills! Get approved for a 2nd mortgage that offers cash back while ensuring you're the lowest possible second mortgage rate online.

News - Many underwater homeowners are excited about the Home Affordable Refinance Program, but what does that include people that have 2nd mortgage liens? The short answer is "yes", but you are not allowed to consolidate 1st and 2nd loans together under the HARP 2.0 plan. Borrowers must get their 2nd lender to agree to subordinate their equity loan. Read this article for more info, HARP Refinance and How to Subordinate a 2nd Mortgage.

Nationwide Mortgages delivers exceptional customer service. We help you shop second mortgage lenders for low rates also help people save money each month so lock into a secured loan with a fixed interest rate today.

Apply Online for a Fixed Rate Second Mortgage or Call Our Experienced Lending Department
 
 
 

This is not an advertisement for credit. See Privacy for Details. Nothing on this web site contains an offer promise either to make a 2nd mortgage loan or that any participating lender will guarantee any mortgages for any purpose or on any specific terms. 2nd mortgages cannot be made online or be approved without an underwriter analyzing your credit score, debt to income ratio and combined loan to value.

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