Tag: second mortgage

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When is a Second Mortgage the Right Choice? (Almost Always)

What is a Second Mortgage? I have heard the term ‘second mortgage’ many times in my life. It never EVER sounded like something I wanted to get involved with. I mean, isn’t ONE mortgage enough? Why go through it a second time, especially concurrently! Well, a second mortgage doesn’t quite work THAT way. Let me tell you more: As with many financial ‘products’ (still sounds odd to me to call this stuff ‘products’, hence the air quotes) one of the primary benefits is that you can consolidate other debts under one loan. Consolidating Debt, You Say? Any chance you can

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