(ie: if you consolidate 7 credit cards that are costing you $ 757 a month, and your fixed rate second mortgage payment is $ 390 a month, you would save $ 367 a month by transferring the credit card debt into the second mortgage offering simple interest) (bdnationwidemortgage.com)
Second Mortgage Payment Calculator Be sure you understand how much your monthly payments will be and what they cover. (hzcu-mortgage.org)
The second mortgage payment is often lower than that of private or FHA mortgage insurance premiums. (themortgagereports.com)