Question

 Is a second mortgage a good idea?

Answer On One Hand: If You Need the Money, Get that Second MortgageA second mortgage is a loan using your already mortgaged house as collateral. If you default on your loans, the lenders can repossess you... Read More »
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Top Q&A For: Is a second mortgage a good idea

When is it good to take out a second mortgage?

On One Hand: It can be smart moneyThe second mortgage, or piggy-back mortgage, is a small loan in second lien position to the first. It can be used as revolving credit, as in the case of a home equ... Read More »
http://www.answerbag.com/q_view/1969709

What is a good credit score for a second mortgage?

On One Hand: The Credit ScoreYour credit score (FICO) is a numerical rating of your creditworthiness, taking into account factors such as payment history, type of debt and how close you are to your... Read More »
http://www.answerbag.com/q_view/1983031

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

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 »
http://www.answerbag.com/q_view/1870628

Can you refinance a primary mortgage without refinancing a second mortgage?

It is possible to refinance a primary mortgage without refinancing a second mortgage by subordinating the second mortgage. Subordinating a second mortgage means you are filing a document so that th... Read More »
http://www.answerbag.com/q_view/2232165


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