Can you have a second mortgage included with a reverse mortgage?

Answer A borrower who is 62 or older can purchase a reverse mortgage to pay off any and all debt on their primary residence, including a first and second mortgage debt.SignificanceA reverse mortgage pays ... Read More »

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Can I refinance my first mortgage if I have a second mortgage?

If a homeowner has taken out a second mortgage, it is possible to refinance the first mortgage. The lender that holds the second mortgage must agree to subordinate that loan, which means that if th... Read More »

How to Deal With Foreclosure and Second Mortgage?

Dealing with financial issues can make it difficult to raise enough cash for a first and second mortgage. If you are struggling financially, it's important to work with lenders right away. There ar... Read More »

How to Get a Second Mortgage Loan With Bad Credit?

If you have bad credit, you are in a weak bargaining position when it comes to personal finance. However, if you are a homeowner, most lenders are willing to at least work with you to obtain a mort... Read More »

How Long Do Lenders Have to Sue You for a Default on a Second Mortgage in Nevada?

The state of Nevada is just one of several recourse states in which homeowners may be sued by their lender for the balance owed on the mortgage if proceeds from the foreclosure sale are insufficient.