Nationwide Home Mortgage Loan Company

Nationwide Home Mortgage Loan Company

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Basic Features	Loan A	Loan B
Fixed annual percentage rate
Variable annual percentage rate
Index used and current value
Amount of margin
Current rate
Frequency of rate adjustments
Amount and length of any discount
Interest rate caps
Length of plan
Draw period
Repayment period
Initial fees
Appraisal fee
Closing costs
Application fee
REPAYMENT TERMS
During the draw period
Interest and principal payments
Interest only payments
Fully amortizing payments
When the draw period ends
Balloon payment
Renewal available
Refinancing of balance by lender

	Articles
	Giving your kids a start with a home equity loan Drawing on your home's equity can be a great way to give your kids a financial boost. But don't forget your own future needs.more Downsizing or using home equity for retirement There are many ways to use the value you've built up in your home to improve your finances during retirement.more A less expensive vacation home House-swapping clubs could be your ticket to a bargain holiday in a home-away-from-home.more Reverse mortgages If you are 62 or older and short of cash, a reverse mortgage can help you stay in your home and meet your expenses.more Should you downsize your home? There are pros and cons to downsizing. Consider your finances and lifestyle before making a decision.more

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