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Cottonwood Height loan officer reveals what you need to know…

2 Views· 25 Nov 2021
Colton's Money Tips
Colton's Money Tips
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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 are looking
for a top-notch mortgage loan officer in Cottonwood Height call us at,
435-705-9513

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