How to Get a Second Mortgage on Your Home?

Answer Many people turn to a second mortgage, also commonly known as a home equity line of credit or home equity loan, when they need to borrow money. The loan can be used for such things as paying off de... Read More »

Top Q&A For: How to Get a Second Mortgage on Your Home

Can you file bankruptcy on your second mortgage and keep your home?

You can file for Chapter 13 bankruptcy to eliminate your second mortgage if this debt is not secured by your home's market value. You will be able to remain in your home by paying first mortgage pa... Read More »

How to Short-Sell Your Home With a Second Mortgage?

Selling your home through a short sale, in which your mortgage lender allows you to sell your home for less than what you owe on your mortgage loan, can help you avoid foreclosure. If you're strugg... Read More »

Is a home equity mortgage the same as a second mortgage?

Yes, a home equity loan IS a 2nd mortgage.Some people however, consider a "2nd mortgage" to be a closed-end fixed rate lump sum loan. While a "line of credit" is revolving and can be used over and... Read More »

Is it possible to combine your mortgage&second mortgage at 100% ltv?

On One Hand: It is PossibleAccording to independent mortgage broker Tony Saenz, it is sometimes possible to take on a 100 percent loan to value (LTV) mortgage, which may enable you to combine first... Read More »