Length of Your Second Mortgage Some second mortgage loans may extend for as long as 15 or 20 years; others may require repayment in one year.
Not exact matches
The
second half
of this calculator's input includes the
mortgage interest rate and
mortgage term
length.
Also commonly known as a
second mortgage, standard home equity loans essentially allow you to access your available equity while you continue to pay a monthly
mortgage payment over a predetermined
length of time.
The
length or term
of the more is usually five years for a first
mortgage and one year for a
second mortgage.
Some
of the victims had gone to the
lengths of borrowing money on credit cards, taking out
second mortgages on their homes and even pawning their vehicles.