How do second mortgages work?

Answer A second mortgage is a type of secured loan taken out against the equity in real estate. Typically a person takes out a second mortgage using her home as collateral.FunctionA second mortgage permit... Read More »

Top Q&A For: How do second mortgages work

What are buy-to-let mortgages?

Buy-to-let mortgages are taken out by a landlord to help purchase more properties to rent. Buy-to-let mortgages have higher risks than standard mortgages, so they require a larger deposit.HistoryT... Read More »

How to Buy Mortgages?

When an individual or a group of investors holds the note for a mortgage (as opposed to a bank or finance company), they will often sell the mortgage to another individual or group of investors. Of... Read More »

Can you have two mortgages?

Homeowners can have more than one mortgage. Many homeowners purchase second homes in vacation areas or investment properties near where they live. Some banks offer two mortgages on the same home as... Read More »

What are mortgages?

A mortgage is a loan that you take out to pay for the purchase of your home. In addition to your promise to repay the loan, the home is used as collateral, so if you fail to repay the loan, the hom... Read More »