Second Mortgages Back

  For those of you that have 3% first mortgages there is no way you should ever refinance those loan unless you have no other options.  Well I am happy to say that borrowers do have options as Brokers are structuring second mortgages again.  With Brokers now offering this product again the cost of these product will be reduced for borrower’s. This is a great option for borrowers is several ways, such as college tuition or unexpected expenses.  This option also allows for the 80/10/10 to return.  This will help those borrower’s in areas with low conforming and/or FHA loan limits.  Only the stronger broker shops will offer second mortgages.  You may need to call a few before you find a broker that can structure a second mortgage.

 

Stay Tuned… 

Advertisements

Leave a comment

Filed under Featured Listings

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s