Second Mortgage

Taking a second mortgage out on your home can be one of the smartest decisions you make depending on your current situation and needs. A second mortgage, also known as a home-equity loan, is secured by assessing your home's value and gives you the flexibility to make any necessary major purchases and investments. What sets a second mortgage apart? In general, any interest paid on a second mortgage is tax-deductible, making it a highly effective path to making major financial commitments such as:

• Starting your own business
• Investing in further real estate, stocks, and bonds
• Paying for your child's college education
• Re-investing in your home with upgrades and additions
• Paying off existing credit card and/or other commercial debt
• Consolidate debt to achieve better interest rates

In short, second mortgages give you the financial flexibility to do whatever is in the best interests of you and your family. Second mortgages are available with the same options as your first mortgage:

• Fixed - Know exactly what you'll be spending each month with your choice of 30-, 20-, or 15-year options.
• Adjustable Rate Mortgage (ARM) - Take advantage of low starting rates with loans that fluctuate over time based on market conditions.
• Convertible Fixed-Rate Mortgage (CRM) - Get the most flexibility with a CRM, including the option to change your interest rate after a set timeframe.

Find out the best second mortgage plan for you by calling 866-339-1950 or applying for a loan online.