Closed End 2nd
Tap into Your Home’s Equity
with a Second Mortgage
Why Choose a Closed End 2nd Loan?
Keep Your Current Low-Interest Rate 1st:
Tap into your home’s equity without refinancing your existing mortgage. Preserve your low first-mortgage rate while accessing the funds you need.
High Loan Amounts:
Borrow up to 90% of your home’s equity, providing greater access to cash than many alternative financing options.
Lower Interest Rates:
Because a Closed End 2nd is secured by your home, interest rates are typically lower than credit cards or personal loans.
Flexible Usage:
Use the funds for home improvements, debt consolidation, major life expenses, purchasing an investment property, or other financial goals
— no usage restrictions.
Use Your Home’s Equity to:
Afford Home
Improvements
Improvements
Consolidate or
Pay Off Debt
Pay Off Debt
Purchase a Second Home
or Investment Property
Take a Dream
Vacation
Vacation
Not sure if a Closed End 2nd Loan is right for you?
Our advisors will help you compare options and find the best fit for your situation.
Contact A Mortgage Advisor