It's your equity, use it when you need it.

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It’s your equity, use it when you need it.

Take a look at our second mortgage loan options

  • Use for Debt Consolidation, Home Improvement, Building ADUs
  • Loan Amounts from $150K to $1M
  • Credit Scores: 640 and Up
  • Self Employed
  • Access Your Equity up to 90%

What is a Second Mortgage?

Get a competitive rate on a Second mortgage or a HELOC you can use for debt consolidation, home improvement, education costs, large purchases, and more.

A second mortgage is another home loan taken out against an already-mortgaged property. They are usually smaller than a first mortgage.

The two most common types of second mortgages are home equity loans and home equity lines of credit (HELOC).

Like a first mortgage, your home is used as collateral for a second mortgage. Should a foreclosure happen, the first mortgage lender is first in line to get repaid. The second mortgage lender is repaid next.

Pay Off Debt
Home Improvements
Emergency Fund

Home Equity Loan vs. HELOC

Home Equity Loan Home Equity Line of Credit
Second Mortgage Yes Yes
Disbursement Cash up front in one lump sum Draw cash as needed, up to limit
Repayment Fixed monthly payments Open-ended. Interest-only payments often allowed during draw period
Interest Rate Typically fixed Usually variable
Interest Charges Interest charges apply to entire loan balance Only pay interest on amount you draw
per year
per year

Your total monthly payment

Principal & Interest
Home insurance
Property taxes

Call Your Reverse Mortgage Specialist to see what you qualify for.

Call us! (800) 671-6204

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(800) 671-6204