Second Mortgage Rates

At Countrywide’s Full Spectrum Lending Division, we are experts when it comes to second mortgages. Even if you have less-than-perfect credit, we can help you find a second mortgage with highly competitive rates. In the past you may have been turned away by other home loan lenders because of your credit history," but don't let their lack of flexibility or inability to offer a full spectrum of loan options rob you of hope. A second mortgage from Countrywide's Full Spectrum Lending Division may still be within reach! Because we see the bigger picture and believe that credit problems may not be permanent, we go the extra mile in working to help you get a home loan that meets your requirements. Countrywide is America’s #1 home loan lender^*, so there's no reason why you shouldn't apply for a loan today!

How are second mortgage rates determined?

Countrywide's Full Spectrum Lending Division looks at your credit profile, current income, as well as your financial situation and needs in helping you explore home financing options. Although your credit history plays an important part, it is certainly not the only thing we consider when assessing your loan application.

Our rates for a home equity line of credit are tied to the prime interest rate as published in The Wall Street Journal, with a margin added to it. This margin is determined by a number of factors relating to your current financial picture and credit.

Personalized Rate Quote

Because so many factors go into our personalized rate quotes, second mortgage rates vary from one application to the next. You can visit our Daily Rates section to get a rough indication of the current rates, but the most accurate option would be to call us at 1-800-909-8217 to discuss your needs. Our loan consultants can help you explore the right home loan for your circumstances and give you valuable information on rates and how we can best help you.

By taking your exact details and financial situation into account, we will be able to give you a far more accurate indication of the rate that you could qualify for and the factors that should influence your choice of loan. Remember – we believe that you deserve a loan that will suit your profile and help you meet your financial goals, so call us right away!

If you're not sure whether you want a home equity loan or a home equity line of credit (HELOC), our expert Loan Consultants will help you explore the right loan to suit your requirements. Are you unsure about your credit rating? You may still be able to qualify for a second mortgage from Countrywide Bank's Full Spectrum Lending Division. Call 1-800-909-8217 today to find out!