Second Mortgage

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!

2nd Mortgages from $25,000 to 250,000
Borrow up to 100% of your property's appraised value.
Receive Cash Back Quickly
Finance Home Renovation
Finance College and Education
Finance Vacations,
Fund Investments and Start-Up Business's
Eliminate your high-interest credit card debt

Second Mortgage Loans to 100%

Variable 2nd Lines of Credit

Second Mortgages typically are restricted to 100%. However, Home Equity Loans Direct provides financing up to 125% of your homes' appraised value.

Monthly payment of principal and interest
(example $55,000.00 balance X 12% = $605.60 monthly payment on a 20 year term)

If you are consolidating $ 55,000 worth of credit card debt that is costing you 990 a month, this equity loan would save you at least $384 a month.

2nd mortgage credit lines offer access to money and you only pay interest when you get the cash. Home equity lines of credit have variable interest rates that can adjust according to the market conditions.

Prime rate + Margin

Minimum monthly payment of interest only
(example $60,000.00 balance X 8% = $400 a month)

*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.