Second Mortgage is
an additional mortgage on same property
Home Equity Line of Credit (HELOC) is
option for good credit profiles
Mortgage Cash-out Refinancing
is a better option, when interest rates are low
Mortgage for Second Property
is an option for vacation rentals and second property
Eligibility Criteria
Equity percentage
in first property
Sustainable Income source
due to high debt to income ratio
Good Credit Score
Don’t meet eligibility criteria
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