Are you in need
of a second mortgage?
Many clients hear the words “second mortgage” and immediately put up their guard. What is a second mortgage? It is a charge on your title in second position behind your first mortgage. Did you know Home Equity Lines of Credit are generally in second position behind your mortgage? Second mortgages carry many of the same features as a Home Equity Line of Credit. Tightened mortgage rules on Home Equity Lines of Credit have increased the demand for second mortgages as they allow client to access more of their home’s equity.
Talk to us about your situation to see if a second mortgage would be a right fit for you.