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El Dorado Hills Mortgage Broker reveals what you need to know…

5 Views· 15 Sep 2021
Matt Mortgage Moment
Matt Mortgage Moment
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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 broker in El Dorado Hills call us at, 925-640-8521

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