Articles & News About Mortgage Loans

Home Equity Loan Broker Awarded Preferred Mortgage Broker Status for Second Consecutive Year from IHE

(PRWeb) January 29, 2007 -- For the second consecutive year, BD Nationwide Mortgage Company was awarded "Preferred Broker" Status from Irwin Home Equity for home equity loans and 125% second mortgages. IHE announced last week that BD Nationwide was extended this award for their exceptional level of expertise for home equity loan origination. Last year, they were one of only three second mortgage brokers in the country granted this status.

The preferred status gives BD Nationwide a significant edge because they are one of the few mortgage brokers in the country who can offer large home equity loans to a 125% loan to value. Most lenders and brokers are restricted to $50,000 or $75,000 loan amounts but BD Nationwide is able to offer these high LTV second mortgages for loan amounts ranging from $100,000 to $200,000 to qualifying borrowers across the country.

IHE grants this competitive edge to brokers and lenders who continue to demonstrate a great understanding of their second mortgage product line. Irwin account executive, Dan Ambrose noted that "With this changing marketplace, having the ability to offer consumers 125% home loans for debt consolidation is imperative for hardworking families to save money by reducing their interest with low rate second mortgages." Ambrose continued "this is a significant opportunity for BD Nationwide to take their loan origination to the next level."

Noteworthy Guideline Expansion with Premier Loan Broker Status.
• Interest Rate reduction up to for all 125% home equity loan products
• Expanded loan amounts of up to $150,000 for all 125% 2nd mortgage products
• Expanded cash-out limits of up to $65,000 for all 125% loan products

At this time, BD Nationwide continues to offer fixed rate home equity loans, interest only second mortgages, prime rate home equity lines, and sub-prime second mortgages for borrowers with bad credit scores from high revolving credit debt or past bankruptcies.

About BD Nationwide Mortgage Company:
BD Nationwide Mortgage is a California mortgage company whose corporate headquarters are located in San Diego County. BD Nationwide specializes in affordable home mortgages and debt consolidation for homeowners seeking cash out refinancing or residential financing. The company niche remains focused on home equity loan and second mortgages . Always striving to reach their goals, BD Nationwide Mortgage is determined to help expand home financing solutions so more people in the U.S. can take advantage and become a homeowner.

To learn more and get additional loan information, please visit: Home Equity Loans

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