New Financing Options with a Second Mortgage

Did you know that 2nd Mortgage Rates have never been lower on home equity loans? One of the best opportunities to borrow money at a low interest rate would be with a second mortgage. Many homeowners do not realize that they do not have to refinance their mortgage in order to get money to pay the cost of home improvements. 2nd mortgage financing is also very popular for consolidating unsecured credit card debt. The IRS says that second mortgage interest can be deducted like 1st mortgage interest up to $100,000.

2nd Mortgage Activity Up Again as Home Equity Rates Climb

Second loan applications increased for the third straight week as homeowners rushed to lock the home equity rates. Borrowing costs on 25-year fixed-rate equity loan, excluding fees, averaged 4.75%. (This is a minimal increase from last week but the highest level since May).

The number of refinance applications rose to 5.4 % from 5.3% the previous month.

Find out today how much money we can save you monthly by consolidating your debt.

Apply Now to get Qualified for a 2nd Mortgage Loan Today!

2nd Mortgages for Debt Refinancing

  • No Equity required for debt consolidation or home improvements!
  • Fixed Rate 2nd mortgage for borrowing up to 125% of your home's value.
  • Less than Perfect Credit 2nd Mortgages are available for borrowing up to 100% of your home's value.
  • Loans up to $250,000
  • Good fico scores are needed for this program. (see Bridge for a bad credit mortgage if you have low scores)

Home Equity Loans

  • Cash out for debt consolidation, home improvements, investing, education, etc.
  • Fixed Rate Home Equity Loan for borrowing up to 125% of the value of your home.
  • Variable Rate Home Equity Line of Credit for borrowing up to 100% of your properties appraised value.
  • Loans up to $250,000

Home Equity Lines of Credit

  • Get Cash when you need it....Pay it back overtime, and re-borrow cash when needed.
  • Cash out for debt consolidation, home improvements, or starting a business
  • Variable Rate Home Equity Line of Credit for borrowing up to 100% of your home's value.
  • Loans up to $200,000

Cash Out Refinance

  • Low Rates Refinance
  • Cash Out for home improvements or debt consolidation.
  • Borrow up to 95% of the value of your home!
  • Jumbo Mortgage Loans up to $1,000,000

No application fee or obligation when you apply.

Home Equity Loan News
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