![]() |
Second Mortgages Use the equity in your home to pay for home improvements, vacations, investment opportunities, or simply to consolidate your debts to lower your monthly payments. Second mortgages are available up to 100% of the value of your home. While second mortgage rates are traditionally higher than the rates charged for first mortgages, you are normally borrowing a smaller amount, for a short period of time with a specific purpose in mind. In addition, if you do not qualify for traditional institutional financing, a combination first and second mortgage may assist you in realizing your dream of home ownership. |