Sunday, October 28, 2018
Do you need a Second Mortgage? A second mortgage is a secondary loan held on top of your current mortgage. A different mortgage lender will typically provide this product. It’s important to note that second mortgages have their own rates and terms, and is paid independently of your primary mortgage.
Second mortgages are loans that are secured by your home equity. Usually, you can acquire up to 80 percent of your home equity through a second mortgage. Talk to us and we can give you all the information you require to make the best decision.
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