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Orange Mortgage Advisor revealsSecond mortgages: what you need to know…

9 Views· 06 Jun 2024
Bruce Byrwa
Bruce Byrwa
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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 advisor in Orange call us at, 949-275-3719.

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