Tom Davis shares how second-lien lending is reshaping mortgage strategies in 2025, helping lenders tap into home equity, ...

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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 ...

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 ...

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 ...

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 ...

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 ...

"This new reverse 2nd loan allows seniors to keep their great 1st loan and tap just a little bit of their equity with a no-payment 2nd loan. It allows seniors to make ends meet and enjoy retirement.” ...

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 ...

A second mortgage unlocks home equity at a low interest rate, but it also comes with a second payment and higher qualification standards Alene Laney is a contributor to Buy Side and an expert on ...