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Richmond Hill Mortgage Corporation reveals what you need to know…

16 Views· 27 Feb 2023
Terry Gangaram
Terry Gangaram
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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 Corporation in Richmond Hill, call us at 917-686-4747.

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