2nd mortgages or home
equity loans can be either a line of credit in which you receive
a checkbook and draw on the funds when you want to use it, or
you can just have a stand alone 2nd mortgage in one lump sum.
The home equity line of credit (HELOC) is available with a
variable rate tied to the prime rate, whereas the stand alone
2nd mortgage generally can be a fixed rate with terms ranging
from 10, 15, or 20 years. 30 year amortizations are available
with a balloon payment in 15 years.
To get started, simply fill out the quick and easy form, our database then
searches to find the best 2nd stand alone mortgage lenders to meet your needs. One form
equals multiple quotes, to guarantee the markets best rates!
What could be easier, and there is no obligation!