Alaska residents are provided with several second mortgages , HELOC and refinancing offers for cash out or home improvement financing. The Federal Reserve recently lowered key interest rates making mortgage refinancing and home equity lines of credit more attractive in 2024.
BD Nationwide lenders specializes matching you with in second mortgage lenders in Alaska for consolidating credit card debt and loans that have higher interest rates. Take advantage of expanded 2nd mortgage guidelines for borrowers who have no equity earned in their home.
Alaska Mortgage Tip
If you have no offices here and you do not have any employees residing within the state then you do not need an Alaskan Business License. The state of Alaska does not regulate mortgage brokers.
Second Mortgage up to 100%: Fixed rates and fixed monthly payments. Includes additional options for lower monthly payments or lower interest rates, and potential tax savings. This fixed rate second mortgage allows customers to know what the payment will be for the entire life of the mortgage. Today’s Second mortgage rates are better in 2024, so it may be a good time to tap your home’s equity.
If you are self employed and would rather not document your income, ask about the no income verified 2nd mortgage option.
Alaska Homeowners may qualify for “No Equity” 2nd mortgages that provide quick cash opportunities for construction, home repairs and bill consolidation.
Ask your Alaska mortgage broker about possible state restrictions or CLTV limitations based on your residual income. Home equity rates may vary depending upon region, fico score, and residual income. “Debt to Income” limits vary from 38-55%, depending upon credit score, LTV and loan amount.
Home Equity Loan Applications Increase in Alaska
• Refinance with a Fixed Rate Mortgage
• 100% Home Equity Loan Rates
• Alaska Home Purchase Loans to 100%
• Tax Deductible Home Refinancing
• Refinance adjustable rate debts
Get a new 2nd mortgage loan or refinance your existing equity loan while the interest rates are still affordable.
Alaska Home Sales Update
In Anchorage Alaska, the housing market has shifted from single family residences to condos and multifamily residences. According to developers, the main reason for the shift in construction is the simple fact that there is not much available land to develop.
24% fewer permits were taken out from builders to build new, single-family houses this year. At same time, there was a 28% increase more in permits for multi-family dwellings.
According to statistics from the Alaska MLS,. The # of Anchorage homes sold through Oct. 31 lowered slightly, by about 2% Meanwhile, the cost of purchasing a home rose by 13 % this year with home equity loans reducing the down-payments.
Take a moment and complete our secure form online and a professional loan officer will contact you promptly with a Free Loan Quote. Remember there is No Obligation at all.
Alaska State Loan Update
Home values have recently peaked across the state of Alaska. We recommend tapping the equity in your home in case some equity is eroded from declining property values. See the latest financing overview for Alaska Home Mortgages from HUD and Fannie Mae.
With home sales dipping slightly across the Mid-West. It may be your last chance to refinance your adjustable rate mortgage or take out a fixed second mortgage at a competitive home equity rates.
Are your Home Equity Credit Line Interest Rates Rising? Check the current Alaska Mortgage Rates.