In Life…sometimes all we need is a “Second” to breathe!
Access equity without refinancing and keep your first mortgage
A Second Mortgage is an option that lets homeowners 55+ access home equity while keeping their current first mortgage in place.
With no monthly payments and a fixed interest rate, this product is designed for financial flexibility.
Specifically designed to work as a second loan, so borrowers can keep their first mortgage unchanged.
This loan offers an alternative to traditional home equity loans and HELOCs, providing flexibility without compromising your current loan terms.
Benefits
Success Scenario
Q & A's
Of course, keep your current low-rate mortgage.
When the home is sold, the proceeds will first go toward repaying the loans. Any remaining equity will be yours as normal.
Unlike a HELOC, the Second loan has no repayment term, no adjustable interest rates and doesn’t require monthly payments.
No, you can pay off the loan at any time without penalties.
Normal closing costs apply.
Yes, you can use the funds for anything you want, from debt to home repairs or medical expenses.
The loan amount depends on your age, the value of your home, and the balance of your first mortgage.
55 years or older.
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California Department of Real Estate, Real Estate Broker #02126127 – NMLS# 2026203
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