Home Equity Loans

For those looking for cash back on the purchase of their home, they are often faced with the decision to either take out a home equity loan or refinance the mortgage on their residential property. Both options allow home owners to secure a nicely sized amount of money, but some may find one option more beneficial than the other due to their own individual situations.

Refinancing a home loan for cash back can be a good financial decision if you find yourself needing money for a serious investment and your interest rate is higher than the market average. For example if your 1st mortgage rate is 6% and the market average is 4.75%, then it makes sense to refinance rather than take out a second mortgage for quick cash. Refinancing a home loan will often include lesser interest rates than those incurred while taking out a home equity loan, and a home owner may even be able to get their interest rates for the mortgage lessened over time. When a home owner refinances his or her existing lien, they are in turn taking out a new mortgage on their house and their adjusted interest rate will be the new finance rate they pay back over time. If a person's credit improves, or the interest being seen on the market lowers, a home refinance can mean a great deal of money saved over time as well as the opportunity to receive money back for a monetary need.

However, if interest rates on the market have gone up, or there has been a dip in a homeowner's credit score, a refinanced interest rate may go up from the original amount, which is something that homeowners must take into account because taking out a home equity would make sense over refinancing in this case.

However, if closing costs are an issue, a home equity loan may be a homeowner's best choice. The closing costs associated with home equity mortgages are significantly lower than those found with the refinancing process, and these costs can add up. Also, a home equity loan can be thought of as a line of credit that once opened, can be borrowed from easily again. This means that if a homeowner only requires a small sum of money at a given time, he or she should only need to use and pay interest on this small sum until it is paid back into the equity line. However, an equity home loan will require a homeowner to have the proper line of equity to borrow from, and if their house has depressed in value, a refinance may be the better option.

80% CLTV- maximum loan amount-is $300,000
70% CLTV- maximum loan amount-is $500,000
For more information and a No Cost Quote

100% CLTV- maximum loan amount-is $300,000 (See loan companies for requirements)
90% CLTV- maximum loan amount-is $400,000
80% CLTV- maximum loan amount-is $500,000
For more information and a Free Home Equity Quote

85% CLTV- maximum loan amount-is $300,000
75% CLTV- maximum loan amount-is $500,000
For more information and a Equity Mortgage Quote with No Fees

80% CLTV- maximum loan amount-is $300,000
70% CLTV- maximum loan amount-is $400,000
For more home equity loan information and a No Cost Quotes from Multiple Lenders

Did you know that you can use the equity in your home to fund home improvement projects or to consolidate debt? Nationwide is dedicated to helping you learn more about securing the perfect home equity mortgage so that you can finally take that dream vacation or consolidate those high-interest credit cards. Even with low fico scores you can refinance bad credit with a 1st or 2nd loan. Let us help you fulfill your financial dreams!

We are one of the premiere Home Equity Lenders on the internet for debt consolidation and loans for home improvements. You can consolidate your bills with a low interest home equity loan and save hundreds of dollars every month. *In addition, there may tax deductions for mortgage interest up to the value of your home.

Find out how much you can save by eliminating your credit card interest. Finance advisors recommend consolidating revolving debt into a secure option like a home equity loan that lower monthly payments and extends new tax deductibility opportunities as well! We suggest that you always speak with a financial advisor that understands the IRS codes for tax deductibility with home equity loan programs.

• Cash Out for Debt Consolidation
• Liquid Funds for Home Improvements
• Flexible on HELOC Loans
• Exclusive 1st Time Home Buyer Programs
• No Insurance Needed on Cash Out Home Loan Products
• Learn More on Stated Income Programs with Reduced Income Documentation
• Incentivized Government Programs when Upgrading to Solar Energy
• Compare Loans from Competitive Home Equity Lenders

Why not take out a Home Improvement loan and make those additions or remodeling projects? In most cases, the investment will help increase the equity in your home!

You no longer have to accumulate the growing interest on your credit cards, because you may qualify for home equity mortgages that have a fixed, simple interest rate with additional tax savings. Apply today and be on the road to financial freedom!