Home Loan Wholesale will help you find a lending institution for every possible financing niche.
Second Mortgage Rates from Wholesale Lenders
When you need money but already have a good interest rate on your first loan, then a second mortgage should be a consideration. Interest rates on 2nd mortgages remained fairly low this last quarter, especially for fixed rate equity loan terms. In 2012, the Federal Reserve kept the interest rates at nearly zero. 2nd mortgage payments for homeowners who happen to have adjustable rate second mortgages were significantly affected.
Home Loan Wholesale finds the best second mortgages in country and brings the discount interest rates direct to you!
Stated Income Home Equity Line
Interest Only Line of Credit
Fixed Rate HELOC
No Annual Fees
In 2013, 2nd mortgage rates began to decline again, and the interest rates for fixed rate second mortgages remained very competitive. Borrowers in many states began refinancing their variable rate credit line to a fixed rate 2nd mortgage. The most popular terms have been the 15 and 20-year fixed rate amortization. Most of the credit line terms are interest only for ten years before converting to and installment loan with a variable rate.