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refinance 1st and 2nd mortgages

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With today’s financial market providing unprecedented low interest rates many people are considering their option to refinance their 1st and 2nd mortgage by combining them into one mortgage and one payment.

The mortgage market is awash in programs to help underwater home owners refinance, but if you have a second mortgage or a home equity line that’s causing you to owe more than your home is worth, you could be left high and dry. If the first and second mortgages on your home put together exceed its.

You can get a home equity loan before or after you pay of your first mortgage, which is why it’s sometimes called a “second mortgage.” Home equity loans are conforming loans, so the minimum and.

We go beyond traditional conventional mortgage programs to offer FHA and VA insured mortgages, financing for new construction and second homes, first time homebuyer assistance programs, and more!

Unlike first mortgage loans, which typically come with 15-year or. your first mortgage gets paid off before the second mortgage lender receives anything.. If you're planning to refinance, having a second mortgage can make.

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Second Mortgage Loans. People like a 2nd mortgage because it gives them the ability to get money from fixed rate mortgages without having to refinance their first lien. The "second mortgage" is perfect for homeowners to get money at a good interest rate while keeping the tax deduction in most cases.

First, we need to define what "prime" really means. That is probably the best description we can come up with for "prime" mortgage loans. They have standardized underwriting and appraisal.

Guarantor loans just work! As you can see, there are several ways to buy a home with no deposit. However, when we assess someone’s situation, time and time again we get the best results with just one of these no deposit solutions.

125 Mortgage Combo 1st and 2nd Mortgage Refinance No Equity Home Loans Refinancing to 125% CLTV. One of the latest trends in the mortgage industry has been combining a first and second mortgage up to 125% loan to value. This is a great way to refinance variable interest rates, credit debt, and credit lines into streamlined mortgages.

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