BD Nationwide Mortgage introduces the "125% Home Equity Refinance Loan Combination" for refinancing 1st and 2nd mortgages into a new 100% first mortgage with a 125% home equity loan that funds simultaneously. The latest home equity product from BD Nationwide helps homeowners refinance their adjustable rate mortgage to 100% loan-to-value and enables them to consolidate additional consumer debt like revolving credit cards and unsecured high rate loans with a 125% second mortgage. On average, borrowers are saving $800 a month with 1st-2nd combo loans that were clearly created to convert and consolidate adjustable rate mortgages into fixed rate no equity loans that maximize savings.

San Diego, California (PRWEB) August 13, 2007 -- BD Nationwide Mortgage is proud to present the "125% Home Equity Refinance Loan Combination" for refinancing 1st and 2nd mortgages into a new 100% first mortgage with a with a 125% home equity loan that funds simultaneously. The latest home equity product from BD Nationwide helps homeowners refinance their adjustable rate mortgage to 100% loan-to-value and enables them to consolidate additional consumer debt like revolving credit cards and unsecured high rate loans with a 125% second mortgage.


On average, borrowers are saving $800 a month with 1st-2nd combo loans that were clearly created to convert adjustable rate mortgages into fixed rate no equity loans that maximize savings. Besides increasing the cash flow with lower monthly payments, this "125% Mortgage Refinance Combination" reduces the interest paid back when converting compounding interest from credit cards into fixed simple interest loans.

According to Scott Deal, an account executive with NovaStar Home Mortgage "The ability to offer high LTV first and second mortgages in this market is phenomenal." I see borrowers all day long that have adjustable rate mortgage payments rising but they can't refinance them because they have too much credit card debt to qualify for a new 1st mortgage. Deal continued, "But when you refinance the first loan and pay off the revolving debts at the same time that borrower qualifies because their debt to income ratios are reduced enough to be approved."

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