Since the Federal Reserve has increased the interest rates 17 times in the last few years, it is safe to say that the "refinance boom" has officially passed. As a result, second mortgage loans are more popular than ever. Many homeowners have been blessed with low interest rate first mortgage loans that they want to keep. The demand for money has not disappeared with the refinance boom, so 2nd mortgages and home equity loans will be the loans of choice for the next few years. Anyone who has a 30-year fixed rate loan at under 6.5% should keep their existing loan in tact and take out a second loan on their home if they need cash.

The Federal Reserve has hinted that there are more rate hikes coming, so if you are a mortgage broker or lender, it is time to brush up on your second mortgage product line, because people still need to access cash, and there is no better way to accomplish this.


Home Equity Loans to 125%

You don't need any equity, and this loan program will actually allow you to exceed the value in your home up to 125%! These 2nd mortgages are typically offered with a fixed interest rate for 15, 20 or 25 year repayment terms. If you have credit card debt, or high rate loans, this is an excellent loan for eliminating compounding interest and saving money! IHE executive, Sandy Sarconi stated, "There is no better way for a hard-working family with no equity in their home to lower bill payments and get out of debt."

* Fixed Interest Rate 2nd Mortgage

* No Mortgage Insurance Ever

* No Equity Second Mortgage

Lynda Nelms writes a popular home finance column, called "Ask Lynda." She offers useful home refinancing tips to consumers from an experienced loan officer's perspective. Currently, Lynda originates loans for BD Nationwide Mortgage, who is located in San Diego, California. To get learn more about no equity loan options, please check out 125 Second Mortgage programs.

If you need more useful tips for the both prime and non-conforming second mortgages, please visit Second Mortgage Loans Nationwide.