A second mortgage is simply a loan taken out after a first mortgage. It involves relatively the same application process as the first mortgage. Many people choose to take out a second mortgage when looking to consolidate debts, finance a home improvement project, or to make ends meet during a financial hardship. It is important to weigh the pros and the cons of a second mortgage before deciding what is right for your specific circumstance.
Aug 04, 2016 | Homeowner AdvicePros and Cons of a Second Mortgage — Read More