Second Mortgage, Second Mortgage Loan Quote
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A Second mortgage loan is a mortgage loan that is secondary to the first mortgage. That
means that if you defaulted on your loan, that a first mortgage
lender would have first rights to the property before the second
mortgage lender could stake their claims. Because a second
mortgage has a higher level of risk, these loans typically carry
a higher interest rate than a first mortgage. When evaluating
second mortgage options, you should decide if it is better to
get a second mortgage or to refinance your existing mortgage
with a larger loan. To make that decision, look at the interest
rate of your current mortgage. If it is very low, then it
probably makes sense to get a second mortgage. If you feel that
you could refinance a larger mortgage at or about the same
interest rate, then you may be better using a refinance loan.
Fill
out our application below to apply for a second mortgage loan.
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Personal
Information |
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Are You a Home Owner?: |
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Fields Names in red color
are required fields.
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First Name: |
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Last Name: |
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| Co-Applicant
First Name: |
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Co-Applicant Last Name: |
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| Street
Address: |
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City: |
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| State: |
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Zip: |
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| Email Address:
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Desired Contact Location: |
Home Work (Either one ) |
At least One Contact Location and
Phone Number is required |
| Home Phone
Number: |
(
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Work Phone
Number: |
(
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| Best Time To Call: |
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Property Information |
| Property
Type: |
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Estimated Property Value: |
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| Purpose of
Loan: |
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Desired Loan Amount: |
(i.e. 165000) |
| Balance on
First Mortgage: |
(i.e. 186000) |
Type of Rate: |
Fixed
Adjustable |
| Current
Interest Rate: |
For new
purchases, select "N/A" |
Balance on Second Mortgage: |
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| Type of
Rate: |
Fixed
Adjustable |
Current Interest Rate: |
For new
purchases, select "N/A" |
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Employment Information
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| Current
Employer: |
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Yearly Household Income: |
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| Rate your credit: |
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Monthly Bills: |
(i.e. credit debt, car payments) |
| Are you behind
on your Mortgage Payments? |
Yes No
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