Question

 What is a second mortgage?

Answer A second mortgage is a home loan that uses your home's equity as collateral. The term "second" refers to the fact that, in the case of a default, the balance on the primary or first mortgage is pai... Read More »
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Top Q&A For: What is a second mortgage

What is the difference between a mortgage and a second mortgage?

A mortgage is a home loan. There are numerous types of home loans. However, the two most often procured are first and second mortgages. Each type of mortgage has different rules and regulations.Sig... Read More »
http://www.answerbag.com/q_view/1972531

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

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

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 »
http://www.answerbag.com/q_view/1997959


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