Understanding Second Mortgages: How They Work and When to Consider One 🏡
Learn what a second mortgage is, how it functions, and the common reasons homeowners choose this financial option. Get the insights you need to make informed decisions about your property financing.
About this video
A second mortgage is an additional loan taken out on your property. There can be various reasons to take out a second mortgage, such as consolidating debts, emergency medical bills or financing home renovations. It usually carries a higher rate of interest than the first mortgage. <br /> <br />Source: http://www.northwoodmortgage.com/mortgage-solutions/first-and-second-mortgage-solutions
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85
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Duration
1:19
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Published
Aug 22, 2018
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