Q: Is there one standard type of second mortgage available to homeowners?
TexasLending.com: Second mortgages come in a number of different varieties and have been used for many reasons. One item of note: Second mortgages are often referred to as “second liens.” In essence, a second mortgage allows a homeowner to sell his or her home or qualify for a better rate on a first mortgage.
Q: Why is a second mortgage so valuable for certain homeowners?
TexasLending.com: Clients often find that a second mortgage can be a vital tool in terms of affording a home and living the life of their dreams. Texas Lending stands apart from other mortgage leaders in the state by leveraging our extensive experience with offering second mortgages. [Continue reading]