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Did you know your home can serve as collateral for multiple loans at once? If you take out a loan that’s secured by your home when you already have a primary mortgage, your new loan is called a second ...

Taking out a second mortgage on your primary residence can provide you with cash that you could use to buy an investment property. Qualifying for a second mortgage is not a given, however. It requires ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. Do you have a sizable ...

More than 600,000 second mortgages before the financial crisis could still be a threat to borrowers. Read more at straitstimes.com. Read more at straitstimes.com.

You can refinance a second mortgage on its own fairly easily. Refinancing first and second mortgages together requires you to meet certain requirements but it is possible. Refinancing your primary ...

At a time when millions of would-be homebuyers are locked out of the market, a select group of homeowners is claiming a huge tax break—for second homes. Known as the mortgage interest deduction, this ...

A second mortgage is a home-secured loan taken out while the original, or first, mortgage is still being repaid. Like the first mortgage, the second mortgage uses your property as collateral. A home ...

Mortgage rates ticked higher for the second straight week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on ...

Text Callout : Key Takeaways - What Is a Second Mortgage? A second mortgage is a loan secured by real estate when there is already another loan on the property. Second mortgages are sometimes called ...

A second mortgage is a loan against a home that also has an existing first mortgage. In a home foreclosure sale, the first mortgage lender gets repaid before the second mortgage lender. Applying for a ...