We discuss how a second mortgage works and highlight some of the advantages and disadvantages of taking out this type of loan. A second mortgage is a type of loan that allows homeowners to borrow against their mortgaged property. In other words, a … [Read more...] about A Second Mortgage: What is It and How Does It Work
second mortgage
Second Mortgage or Home Equity Line of Credit: What is the Difference?
Deciding which type of loan is right for you largely depends on your needs and spending habits. There is some confusion with regards to a second mortgage and home equity line of credits. While both types of loans let you borrow against the equity … [Read more...] about Second Mortgage or Home Equity Line of Credit: What is the Difference?