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Centex Home Equity

Headquartered in Dallas, Texas, Nationstar Mortgage (formerly Centex Home Equity) is one of the nation's leading mortgage lenders. Offering non-prime mortgages and home equity loans directly to consumers—and indirectly through mortgage brokers and bankers—Nationstar Mortgage has offices located throughout the United States.

Nationstar Mortgage is one of the nation's largest retail, non-prime mortgage originators. Each month, Nationstar Mortgage originates more than 3,000 loans to customers, including those 50% of households that don’t qualify for traditional mortgage loans.  Licensed to conduct business in 47 states, Nationstar services more than 105,000 loans that total more than $10 billion.

If you are interested in consolidating your high-interest debt, refinancing your home through Nationstar may be your answer.  When you refinance, you are essentially replacing your “old mortgage” with a new one.  Depending on your original mortgage, you may even find that with a Nationstar refinance loan, you will receive better rates and terms.  Below are the features and benefits of refinancing your current mortgage, or using your home’s equity, with Nationstar:

  • If you've lived in your home for a number of years, chances are you've gained some "equity" that you may be able to access when you refinance your mortgage. By being able to refinance your current mortgage, with your equity rolled in, you will have access to additional funds that will allow you to pay off your existing high-interest debt;
  • Refinancing provides the opportunity to take advantage of a lower interest rate.  With a lower interest rate, you may only experience a slight increase in your monthly payment, while eliminating the monthly payments of your credit cards and high-interest debt all together!
  • Interest may be tax deductible (consult your tax advisor)

Consolidate your debt and lower your monthly payments now >>

Nationstar Mortgage offers the following loan products:

  • Fixed Rate Mortgages (FRMs)
    • Provides a fixed interest rate over the whole term of the loan
  • Adjustable Rate Mortgages (ARMs)
    • The interest can change according to the terms of the loan
    • Only available as first mortgages
  • Balloon Loans
    • You will have the lower payments of a 30-year fully amortized loan
    • Must repay entire balance at the end of a 15 year term
  • Limited Income Products
  • Limited Income Documentation (LID)
    • For those who are self-employed
    • Targeted to borrowers who are unable to provide full supporting income documentation.
    • Decision is based are credit history, collateral and employment history
  • Stated Income Program/No Income Verification (NIV)
    • Requires no income verification
    • Both wage earners and self-employed borrowers are eligible for this program.

Consolidate your debt and lower your monthly payments now >>

* Debt Basics is not a lender or broker. We provide information and research on debt help and debt consolidation. Product and service offerings differ by state.