It’s time to start applying for your second mortgage, but you’re not sure what paperwork you need. Before applying for your mortgage contact your mortgage broker or your credit agencies to ask for your three main credit reports and have them sent out to you. Begin by collecting all your documents together and pop them …

Mortgage rates have significantly changed, and you’re considering or have taken out a second mortgage and are wondering whether you should combine both your first and second mortgage into one. Before jumping right in and consolidating both your mortgages into one, consider your unique circumstances, and understand your situation. So, should you combine your mortgages? …

Now you know what a second mortgage is and how it can benefit you, but how do you qualify for one? Take a look at these six points to find out what you may need to do in order to qualify for your 2nd mortgage. 1. Be a homeowner. Simply being a homeowner, qualifies you …

You’ve taken a look at what a second mortgage is and why you should take one out, but now you want to seal the deal. So, what are the benefits to having a second collateral mortgage? Take a look at these six points to find out! 1. You can borrow a significant amount of money! …

So, you’re considering taking out a second mortgage, but what is this type of mortgage and how does it work? 2nd mortgages allow you to take out money that is secured by your home, similar to a first mortgage. The only difference is your second loan is an additional loan taken out on a home …

Your home will probably be your most valuable asset. For this reason you should treat any big decision regarding the refinancing of your home with great care. When trying to decide if you should go ahead and refinance your home you need to make sure that you are doing it for the right reasons and …