Second Mortgage

Refinance or Private Second Mortgage
in Blog, Mortgage Refinance, Second Mortgage

Refinance or Private Second Mortgage

For clients looking to take equity out of their home, there are a couple of options which clients can consider. They can refinance their existing mortgage, or take a private second mortgage. Both of these options will accomplish the same thing, however that is where the similarities end. Lets take a look at each of them and see why one will be the better option...

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01 Aug 2017
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
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