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 ...

A second mortgage is a loan secured by real estate when there is already another loan on the property. Second mortgages are sometimes called junior liens. Your home can serve as collateral for a few ...

A closed-end second mortgage is a type of home loan that allows homeowners to borrow against their home's equity while keeping their primary mortgage unchanged. This type of loan provides a lump-sum ...

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 ...

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 ...

Motley Fool Money brings financial expertise, trusted advice, and unbiased analysis to the world of daily personal finance decisions. Our mission is to help you live more richly. Most home buyers who ...

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 ...

Amidst a housing market that excludes many potential buyers, a particular group of homeowners benefits from a significant tax break for second homes through the mortgage interest deduction (MID).

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 ...

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 ...

Prospective homebuyers waiting on the sidelines for a further drop in mortgage rates received unwelcome news on Thursday. The average rate on a standard, 30-year fixed mortgage was 6.32% in the week ...