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 ...

Taking out a second mortgage on your primary residence can provide you with cash that you could use to buy an investment property. Qualifying for a second mortgage is not a given, however. It requires ...

If you’re planning to purchase a second home or refinance an existing one, current second home mortgage rates can significantly impact your finances. These rates are typically higher than primary ...

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 ...

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 home is one of the biggest investments you can make. It provides numerous benefits, from increasing your net worth to providing financial security. But one benefit homeowners may overlook is the ...

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 ...

Did you know your home can serve as collateral for multiple loans at once? If you take out a loan that’s secured by your home when you already have a primary mortgage, your new loan is called a second ...

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At a time when millions of would-be homebuyers are locked out of the market, a select group of homeowners is claiming a huge tax break—for second homes. Known as the mortgage interest deduction, this ...

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 ...

Normally when someone has a low mortgage rate, they don’t refinance into a higher one ...