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Columbus Loan Officer reveals what you need to know…

5 Views· 01 Jun 2022
Gerald's Mortgage Minute
Gerald's Mortgage Minute
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⁣Ok, today we are going to review everything you need to know about second mortgages… What is a second mortgage? A second mortgage is an additional loan taken out on a property that’s already mortgaged. Second mortgages are riskier for lenders than first mortgages because they’re in second position on your property's title. As a result, the interest rate on second mortgages is higher. Here’s what you need to know about second mortgages… ⁣If you're looking
for a top-notch loan officer in Columbus, call us at (614) 260-2829.

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