When a borrower takes out another mortgage in addition to their first mortgage it is considered a second mortgage. Home Equity Loans Direct offers 2nd for debt management and cash back refinancing. A few years ago, second Mortgage rates were at historically low levels, but as the era for low mortgage rates disappears, it may become more important than ever to gain access to the equity in your home! If you need to raise capital and have an acceptable interest rate with your 1st mortgage, then a second mortgage might be the financing solution.
Most people use the money from a 2nd mortgage to renovate their home but some savvy homeowners use the loan to consolidate high-interest credit cards and lower their monthly obligations. Home Equity Loans Direct offers helpful 2nd mortgage programs to homeowners in the U.S. You can refinance your credit cards or consolidate both auto and personal loans into one fixed payment loan and start saving money immediately!
*Your Loan approval is subject to submitting an application to the mortgage lender verification of income, employment, assets and other information like obtaining an acceptable property.
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