Sentences with phrase «possibility of a second mortgage»
Not exact matches
Aside from debt consolidation, tax advantages, home improvement possibilities and favourable interest rates, a second mortgage can help you cover the cost of your children's educational expenses and even pay for an abroad vacation or dream wedding.
http://mortgagebrokerstore.com/
Another possibility to use the equity to your advantage is Home Equity Loans, also called «second mortgage» loans, which are available up to 85 % of the appraised value of your home.
A home appraiser is an essential part of the process of investigating the possibility of taking up a second mortgage.
In case the borrower opts for a balloon mortgage or interest only mortgage as a second mortgage, the lender has to consider all possibilities of receiving payments.
If the penalties are too high, talk to your lender about the possibility of securing a second mortgage, instead.