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Home Improvement  |
Debt Consolidation  |
Cash Out  |
Refinance  |
Finance home improvements with a 2nd mortgage that gets you the money you need for modifying your primary residence. You may enjoy living in your home more and may even increase the property’s value in the process. Home construction costs can add up, so make you get a large enough home equity credit line. With lines of credit you only are charged interest when you take out funds from your home equity account. |
Consolidate high rate debts and save with a fixed rate second mortgage. Taking your revolving debts and throwing them into a fixed interest rate loan provide monthly savings and tax advantages. Reversing the compounding interest into a fixed mortgage is a wise financial move. With fixed rate debt consolidation loans you can create a reasonable budget because the rates are locked. View Second Mortgage to 100%. |
2nd mortgage loans for cash back so that you can invest in your home, business or second property. With our home equity and 2nd mortgage liens you can finance home repairs, children’s education or start a new business with a little seed money from your home equity nest. 2nd mortgages are convenient financing avenues for people who would rather not go down the road to refinancing their 1st mortgage. Choose a line of credit or lump-sum loan for accessing secured money. |
Refinance your mortgage with lower interest rates that create a positive cash flow creating opportunities for paying off your loan quicker or taking out additional cash without increasing your mortgage payment. Clever financing is imperative for easy money. Timing the interest rate market can be challenging, so many borrowers play it safe with a fixed rate home mortgage because the payments never change. |
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What are Second Mortgage loans? What interest rates and fee should we expect? Depending on income, credit score, and total loan to value will determine or dictate your loan amount limits for 2nd mortgages. Borrowing above 80% loan to value will increase the interest rates charged and loan limits will become a focus. We offer second mortgages up to one million dollars for full documentation borrowers up to 70% total loan to value. Our lending guidelines allow for loan amounts up to $500,000 for loans that do not exceed 80% loans to value, $250,00 for loans that do not exceed 90% loans to value and $150,00 for loans that do not exceed 100% total loan to value. 125% second mortgages are still possible by call for restrictions and current loan pricing. |
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Second Mortgage Specials
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Frequently Asked Questions |
| Since refinancing is a major financial decision, we recommend discussing loan terms with a loan officer and a financial consultant that you trust. Mortgage Resources: Fannie Mae creates foundation for conventional home loans that most lenders mirror. - Freddie Mac outlines conforming home mortgages that traditional mortgage companies follow. - BD Nationwide Home Equity Loans offers high LTV second mortgages that traditional lenders won't touch. – Federal Reserve – raises or cut key interest rates that drive th secondary market on wall street. |
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This is not a commitment to lend. Mortgage Bankers cannot guarantee or insure home loans. All restrictions apply. All rights reserved.
Second Mortgage Banker © Copyright 2007
1526 University Blvd. West Jacksonville FL 32217
1-800-980-1254