Second Mortgage

Get a fixed or adjustable rate 2nd mortgage on your home for debt consolidation or cash out.

In todays real estate market, a second mortgage program could be the financial vehicle of choice over a cash out refinance of a 1st mortgage. We have a blended mortgage rate calculator perfect for reviewing the cost of borrowing using a 2nd mortgage product which you can compare to a stand alone cash out refinance. We feel our options are 'second' to none in the mortgage industry with up to 125% LTV! **Please keep in mind that 2nd mortgage loan-to-value's are subject to market availability and will vary based upon what is being purchased in the secondary market. This means higher LTV's may not be available at the time of application due to depreciating real estate values or other factors outside our control**. To see what second mortgage options are available in todays mortgage market, just call 1-888-427-5442 or use our quick quote to find out more!

A 2nd mortgage can also be known as a home equity loan. The amount that you can borrow on a second mortgage can be customized depending on your home's equity. We can help you secure a second mortgage on the equity of your property so that you can have funds for doing the things that are important to you. If you prefer a home equity line of credit, we we can help with that as well. HELOC's can come with an interest only period which may be more desirable. Call 1-888-427-5442 today!

Here are just some of reasons why taking out a second mortgage can make so much sense:

• Pay your child's school fee or college tuition fee
• Pay for a beautiful wedding
• Go off on a cool vacation to lively Bahamas or gorgeous Switzerland
• Get some major dental work done
• Pay for your medical expenses associated with an illness
• Renovate your house the way you always wanted too
• Indulge in a New Home Spa or a sparkling new swimming pool or a Jacuzzi in the bathroom
• Get some major repairs done to your garage or add an extra Bedroom or Family Room without having to take out a construction loan

You can also use a 2nd mortgage for consolidating and paying off your debts. Some of the debt consolidation options include:

• Paying off Credit Card Bills
• Paying off monthly installment loans such as that SUV you purchase, but whose payments are now breaking your back!

Why wait until later, or after it's financially to late, to tap the asset value of your home to meet the financial requirements you have today? Moreover, a second mortgage allows you to avoid paying significantly higher interest rates on debts such as credit cards etc. Call today at 1-888-427-5442 or use our quick quote to learn more about how we can help you.

Typically a second mortgage means that you have readily available funds to be used as you want. Moreover, it's usually easier to obtain than many other loan types since it's a loan secured by your home however, in depreciating market for home values, the secondary market may limit the LTV's available for borrowing. Another interesting fact about a second mortgage is that you could get tax benefits on the interest you pay towards the loan (Speak with a tax professional before making a mortgage decision based upon tax benefits). This can be a super benefit that is not available on many other types of loans and it is an easy thing to do as well!

Take action now, while rates are low, to contact a professional loan officer today about a second mortgage loan which can help put you on the road to financial freedom, lifting the financial burdens and creating the solutions your family wants and deserves. Call today at 1-888-427-5442 right now or use our quick quote to get started!