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Second Mortgages

Whether it’s an investment or vacation property, a can get you there.

We’ll find you the best rates possible for your second mortgage so you can enjoy all the benefits of this type of mortgage, with as little cost as possible.

Benefits of Second Mortgage

Second mortgages come with a wide range of benefits for borrowers. Being able to get rid of high-interest debt, repairing credit, completing home renovation projects, funding college, and starting up a business are just a few of the things that can be done with a second mortgage.

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What is a Second Mortgage?

A second mortgage is any loan that you currently have on a property in addition to the first existing loan.

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What is a Second Mortgage?

Second mortgages are loans that can be applied to either residential or commercial buildings.

These loans sit in the second position, behind the first mortgage loan on the property.

Second mortgages can be easily obtained once the property owner has built up enough equity in their home or business.

By tapping into this equity already accumulated, home and business owners can borrow from money that’s already theirs, and at a very low cost, too.

Has your property value recently gone up? Or do you nearly have that first mortgage entirely paid off?

Come see us at CMI about getting a second mortgage. It might just be the perfect time for you!