Mortgage

QWhat Is Second Mortgage?
AThe amount of Second Mortgage Loans may be up to 100 percent of the estimated value of the property less the amount of any first mortgage. A Second Mortgage Installment Loan places an additional mortgage on your home, but the money usually comes in a lump sum, rather than in a series of advances made available by writing checks on an account. Second Mortgages typically have fixed interest rates and fixed payment amounts.