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Thompsons Station Mortgage Broker revealsSecond mortgages: what you need to know…

11 Views· 14 Jun 2024
Sean Aspenlind
Sean Aspenlind
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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 Thompsons Station call us at, 916-677-7527.

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