Tuesday, April 04, 2006

2nd Mortgages

2nd Mortgage

Welcome to my 2nd Mortgage Blog. Today we will discuss very simple information that you should know about a 2nd Mortgage.

A 2nd mortgage refers to a secured loan taken on a property, which has already been used as a security in a loan once before. It refers to the second loan in sequence, as it is subordinate to the first loan on the same property. The 2nd mortgage lender can exercise his rights only after those of the first have been entirely met. One can take the 2nd mortgage for several different reasons including for paying off some debt, to finance education or even to renovate ones house! If you feel that your debt repayment is pretty huge, then maybe you should consider taking a 2nd mortgage. There are generally two types of 2nd mortgage:

  • Fixed Rate Loans
  • Line of credit
That's it for now. Next time I post I will let you know the difference between a Fixed Rate Loan, and Line of Credit for those that do not know.

May God Bless,
Keisha

2nd Mortgage

2 comments:

Achima Abelard said...

We would like to acknowledge the exceptional service that we received during the entire refinancing process. Mr Lee professionalism and knowledge of the loan company was impressive and truly appreciated. Mr Lee is a reliable loan officer.In the past, we have had experience with several others banks and have found the process frustrating and tedious. Mr Lee went above and beyond to ensure that all of our needs were met and that everything was handled thoroughly and efficiently. We have and will continue to recommend him in the future.”Mr Lee Contact Email /Whatsapp 247officedept@gmail.com +1-989-394-3740


Anonymous said...

Hello, Everyone,I'm Adrik Vadim living in Kurgan City , I want to share with you all on here on how Mr Benjamin help me with a loan of 15,000.000.00 Rubles to start up my food beverage delivery after all I have work in several hotels here in kurgan just to earn a living but unfortunate I was still having difficulties to pay a rent but I thank God now that I'm a self employ now with 5 workers working in my care. Just if you looking for financial freedom I will advise you contact Mr Benjamin with this email below and whats app number as well. 247officedept@gmail.com   +1-989-394-3740