Best Place For Mortgage Financing For Self Employment With 20 Second Mortgage Loans Are Cool for Debt Consolidation and Cash Out

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Second Mortgage Loans Are Cool for Debt Consolidation and Cash Out

With the refinancing boom officially over, second mortgage loans are fresher than ever. Many homeowners have been blessed with low interest home loans that they want to keep. The need for cash hasn’t gone away with the refinancing boom, so second mortgages and home equity loans will be the preferred loans for years to come. Anyone with a 30-year fixed rate loan under 6% should keep their existing loan and take out a second home loan if they need the money. The Federal Reserve has hinted that more rate hikes are on the way, so if you’re a mortgage broker or a lender, it’s time to review your second line of mortgage products, because people still need access to money and there’s no better way . to achieve this.

125% mortgage loan

You don’t need any equity and this loan program will allow you to exceed the value of your home by up to 125%! These second mortgages are usually offered at a fixed interest rate for repayment terms of 15, 20 or 25 years. If you have credit card debt or high rate loans, this is a great loan to eliminate compound interest and save money. IHE Executive Sandy Sarconi stated, “There is no better way for a working family with no equity in their home to lower their bill payments and get out of debt.”

* Fixed interest rate 2nd Mortgage

* No mortgage insurance ever

* No second mortgage with no equity

Second mortgages of declared income

More and more people are looking for reduced documentation loans. More and more people are self-employed and many people just like the streamlined process.

* Loans of declared assets

* No Income No Assets 2nd Mortgage

* No income verified home equity

* No refinancing of the share capital

Second lines of mortgage credit

Sure interest rates are variable. Yes, the Fed has raised the prime rate index eight times in recent years, but people love the low payments that interest-only loans provide. People also love the flexibility of only having to pay interest on the money they access. Where else can you get cash waiting for you without having to make payments until you use the cash?

* Interest payments only

* Domestic lines of credit

In 2006, the often timid second mortgage emerged from the shadow of the first mortgage and evolved into the interesting loan of choice.

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