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 ...

Refinancing a second mortgage can be done by adjusting the rate or term of the secondary home loan or combining it with your primary mortgage. Homeowners with two mortgages may consider refinancing ...

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 or refinancing your home mortgage could help put you in better financial shape so long as you choose the right one for your goals. A second mortgage and refinancing are two of the ...

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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. Are you in the market ...

Owning a home can yield valuable benefits, including the opportunity to accumulate equity in the property. Equity is the difference between what you owe on the home and its fair market value. There ...

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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 ...

In this episode of Bloomberg Investigates, we explore how private equity and debt collectors are making millions on home ...