2nd Mortgage

2nd MORTGAGE for a homeowner is becoming increasingly popular. LendingExpo's lenders compete for your business to offer you the lowest second mortgage rate available.

A 2nd mortgage is a mortgage taken out based on up to 125% the value of your existing home. Since most homes appreciate in value, your second mortgage can turn into more cash available to you. Contact up to four lenders about obtaining a 2nd mortgage through our online application.

LendingExpo understands that taking out a 2nd mortgage is an important financial decision. That's why our network of 2nd mortgage experts competes to give you the best rates. Fill out a simple online application. It's easy and takes less than three minutes.

Why a 2nd Mortgage?

Why take out a 2nd mortgage? If you want to make home improvements, pay for college tuition, or buy a new car, then a 2nd mortgage makes sense because it frees up the cash needed to cover things that come up. Learn more about obtaining a 2nd mortgage by applying online.

If you are considering home improvements or you have a considerable amount of credit card debt you are paying off monthly - a 2nd mortgage can probably save you money. If you are a home owner you have an opportunity not available to renters, consolidating your debt using a 2nd Mortgage. The best reason to do this is to lower your monthly payments and pay of your credit card debts to avoid their unreasonably high interest rates. Furthermore, interest paid on a 2nd mortgage can be tax deductable giving you further savings. A quote provided by LendingExpo is free and will only cost you your time.

2nd Mortgages are possible for up to 125% of the value of you home and can be a great way to consolidate debt. Apply online today and get the lowest rate available.


Common 2nd Mortgage Questions:


1. How much equity do I need in my home to qualify?

Home Equity Loans are possible regardless of acquired equity, however more equity will almost always garner lower interest rates from your lender.

2. Can I take out a home equity loan to finance home improvement?

This is an extremely common practice. Depending on how the money is used you may even be able to deduct some of the interest expenses from your taxes.

3. What is a home equity line of credit?

A home equity line of credit differs from a home equity loan in that money can be taken out as needed. If you are financing the construction of a new home, this is often a convenient option to handle expenses as they occur without repeating the loan approval process numerous times.