| What
is second mortgage?
second mortgage is usually an equity-based mortgage loan other
than the primary loan that was borrowed to pay for a home.
What can I use second mortgage for?
Second mortgages are often used to convert home equity into cash
for home additions or remodeling projects
Is there
a company that has no closing costs to refinance?
There are lots. When you get a loan with no closing costs,
or no points and no closing costs, you will get a higher rate
than what is available to someone who is willing to pay points
and costs, since the lender has to absorb the costs involved with
the transaction.
When is a good time to refinance?
When you are reducing your monthly payment at minimal cost.
Can you refinance your home with it listed on the market for
sale?
Usually no lender will lend on property if it is for sale because
the loan will not be on the books long enough for them to make
any money on the deal.
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