Sentences with phrase «secured as a second mortgage»

We can arrange a debt consolidation loan that is secured as a second mortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges every year.

Mortgage brokers Napanee, Ontario can arrange a debt consolidation loan that is secured as a second mortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges every year.

Muskoka mortgage brokers can arrange a debt consolidation loan that is secured as a second mortgage and would have a much lower rate of interest of around 15 %; which could save you about $ 7,250.00 in interest charges every year.

The broker emphasized the secure nature of the potential investment, which would be secured as a second mortgage subject to a first mortgage of almost $ 300,000.

Not exact matches

Home equity loans are sometimes referred to as «second mortgages» because they are also secured against the value of the borrower's home or property.

A 2nd mortgage is usually referred to as a secured loan that is in second place to a 1st mortgage against the same property.

Second, many traditional banks focus on secured contracts such as mortgages and auto financing.

A home equity loan, commonly referred to as a second mortgage, is a note or line of credit that is secured or collateralized by the equity in your home.

Well now, we get a mortgage for as much as we can and with CHMC insurance you can, you know, if it's a new home you're buying you can have as little as a 5 % down payment but we also see people who then go back and get a second mortgage or get a line of credit also secured by the house.

The second mortgage (also known as a «secured loan», «further advance», «second charge» or sometimes a «consolidation loan») is a separate loan secured on your home.

A home equity loan is secured by the equity you have built up in your home and can be structured as either a revolving line of credit or a second mortgage.

Others have taken secured loans, such as second mortgages on their homes, to pay off high - interest unsecured debt.

As the housing prices continue to rise in San Francisco Bay Area, it will certainly become harder to lien strip since more second mortgages will be secured.

But this situation still exists, and chapter 13 is the only bankruptcy chapter that allows a debtor to remove a second mortgage as a secured debt.

Debt secured by your principal residence or second home — such as a second mortgage or home equity line of credit — that is not used to buy, build or substantially improve the property.

(vi) The amount of any loan secured by a first lien on the property that will be paid off as part of the real estate closing, labeled «Payoff of Second Mortgage Loan»;

(v) The amount of any loan secured by a second lien on the property that will be paid off as part of the real estate closing, labeled «Payoff of First Mortgage Loan»;