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Seekonk Mortgage Originator reveals what you need to know…

9 Views· 02 Feb 2024
Bobbie Maurer
Bobbie Maurer
5 subscribers

⁣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 originator in Seekonk call us at, (401) 440-7155

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