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Nationwide Mortgage Loans Introduces FHA REfinancing

14th October 2008

San Diego, California – Nationwide Mortgage Loans recently announced the roll-out of several new FHA products. The mortgage lender extended the 203k FHA loan for home improvements and the 203S for fixed rate refinancing for homeowners trying to avoid foreclosures.

According to mortgage banker, Bryan Dornan, “the company still remains focused on cash out refinancing so homeowners can consolidate debt and reduce their monthly payments.” The FHA lender also said they would be rolling out the loan connected with Hope for Homeowners that would help borrowers modify their mortgage based on the market value.