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Second Mortgage - 2nd Mortgage Loans |
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Lowest rates from over 50 lenders displayed:
|
| Loan Name |
Rate |
Pts |
APR* |
As of |
| Fixed Year 30 |
5.625% |
2.0 |
5.88% |
2007-09-19 |
| Fixed Year 20 |
5.37% |
2.0 |
5.63% |
2007-09-19 |
| Fixed Year 15 |
5.25% |
2.0 |
5.5% |
2007-09-19 |
| Fixed Year 10 |
5.5% |
2.0 |
5.76% |
2007-09-19 |
| Equity 125%LTV |
9.5% |
3.0 |
9.75% |
2007-09-19 |
| Equity HELOC |
3.87% |
2.0 |
4.13% |
2007-09-19 |
| Stated Equity HELOC |
8.25% |
2.75 |
8.51% |
2007-09-19 |
| Stated Fixed Year 10 |
5.5% |
2.75 |
5.75% |
2007-09-19 |
| Stated Fixed Year 15 |
5.25% |
2.75 |
5.51% |
2007-09-19 |
| Stated Fixed Year 20 |
5.37% |
2.75 |
5.62% |
2007-09-19 |
| Stated Fixed Year 30 |
5.625% |
2.75 |
5.89% |
2007-09-19 |
| Jumbo Equity HELOC |
7.5% |
1.5 |
7.75% |
2007-09-19 |
| Jumbo Fixed Year 15 |
6.5% |
2.0 |
6.76% |
2007-09-19 |
| Jumbo Fixed Year 20 |
5.87% |
2.0 |
6.12% |
2007-09-19 |
All Current Second Mortgage Interest Rates You can reduce your monthly payments by 50% by paying off your credit cards through a low interest rate, tax deductible (up to a 100% of the value of the home), second mortgage. Second Mortgages can be a great way to consolidate all of these payments into two payments; a first and second morgage. In addition to this, a second mortgage can be used to for taking cash out, for home improvement or as a down payment on another home. Another big advantage to a second mortage is they allow you to avoid paying PMI private mortgage insurance. Many people want to get a loan that goes over 80% but they do not want to pay hundreds of dollars monthly as a penalty. In these cases, a second mortgage can help you remove or avoid PMI which reduces your monthly payments. A second mortgage does not require that you have equity in your home. There are second mortgages that allow you to go over the value of your house by 125%. There are fixed rate second mortgages as well as low interest rate adjustable loans. In addition to this, there is a stated income second mortgage for self-employed borrowers or borrowers who are between jobs. Some great second mortgage loan products are:
Home Equity Lines of Credit (HELOC) - very low interest rates that allow you to draw as much money as you need when you need it. The interest can be tax deductible up to 100% of the value of the home. HELOCs can be on 10, 20 and 30 year terms. Some are interest only for the first 10 year. Stated Income 2nd mortgages are available for self-employed borrowers.
Home Equity Line of Credit HELOC
Stated Income Second Mortgage Loans
Fixed Rate Second Mortgage - these allow borrowers to obtain a fixed rate mortgage. The loans are typically on 10, 15, 20 and 30 year terms. Stated income second mortgage loans are available for self-employed borrowers.
30 Year Fixed Rate Second Mortgage20 Year Fixed Rate Second Mortgage15 Year Fixed Rate Second Mortgage10 Year Fixed Rate Second Mortgage
Stated Income Second Mortgage Loans
125% Second Mortgage Loans - Borrowers who have no equity in their home, can take cash out up to 125% of the value of their home. The loans are typically on 15, 20, 25 and 30 year terms. 125% LTV Home Equity Second Mortgage Loans
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