A Second Mortgage.com offers fixed interest rate loans for refinance purposes. Mortgage lenders place a lien on your to home to secure a repayment.
Adding a 2nd mortgage does not change the existing terms of your first mortgage. The primary difference between second mortgages and regular refinance loans is the allowed loan to value limits. Second mortgage loans can go up to 125%, whereas 1st mortgages usually donít exceed 100%.
People like to refinance their adjustable rate credit lines, because after awhile their payments start to get pretty high. Refinancing these loans into a new second mortgage that has a fixed rate term can lower your payments tremendously.
A Second Mortgage.com will match you with 3-4 of the best lenders. Just take a few minutes and complete this easy form online. Click Here for Online Lender Request. Sit back and finish your coffee, and let us do the work finding the right lender in your area.