Second Mortgage

When Should You Apply For A Second Mortgage?
in Mortgages, Second Mortgage

When Should You Apply For A Second Mortgage?

Are you considering applying for a second mortgage? Not sure whether you should take the plunge? Then read on to know more about applying for second mortgages. The second mortgage is a mortgage refinancing option. People opt for a second mortgage for a variety of reasons. Some of them are: To Avoid Paying Property Mortgage Insurance for their first Mortgage Usually, people are asked to...

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28 Jun 2017
Is Applying for a Private Second Mortgage Beneficial?
in Mortgage Renewal, Mortgages, Second Mortgage

Is Applying for a Private Second Mortgage Beneficial?

Applying for financing is no child’s play. It’s always best to be aware of what you are getting into before you apply for a mortgage or a loan. You can either use a financing option to your benefit by planning your property expense in advance or make a blunder and lose everything you have. This applies to a private second mortgage as well. People often...

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03 Jun 2017
What You Need To Know Before Applying For A Second Mortgage?
in Mortgages, Second Mortgage

What You Need To Know Before Applying For A Second Mortgage?

Second mortgages help to access equity in your home. A second mortgage is another lien against your home. Second mortgages are often flexible and can used for purchases or refinances. However, a second mortgage isn’t for everyone so you should know the following things before you apply for it: Second Mortgages are Subordinate A subordinate loan is not listed as the primary lien on your...

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04 May 2017