Low Home Equity Payments Larger Equity Loan Amounts No Lending Fee Equity Line Interest Only Options 100% HEL Loans to $500,000 Refinance Your Variable Rate Note: Many mortgage brokers and lenders may be offering no cost Home Loans but make sure that they are not hiking the interest rate. Many brokers will charge you a rate a percentage point higher when a borrower opts for a no closing cost loan. Nationwide Mortgages will extend you the same home loan rate whether you are paying for lending fees or selecting a no cost home loan.