Thursday, 15. September 2011
Posted in Second Mortgage by admin
A second mortgage is secured by your property, and has priority over any other claim to the property except the first mortgage.
Don’t do it.
The second mortgage holder would foreclose, taking over your house if they wanted to pay the first mortgage.
your sencond mortgage would b taken away from u
santa barbera is right — your second mortgage holder could take your house and your equity– ruin your credit and make life very hard for you. Why not just refinance and combine the two loans into a payment you can afford? mortgagemaster3@juno.com
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Quixotic Says:
A second mortgage is secured by your property, and has priority over any other claim to the property except the first mortgage.
Don’t do it.
Santa Barbara Says:
The second mortgage holder would foreclose, taking over your house if they wanted to pay the first mortgage.
Chase Smith Says:
your sencond mortgage would b taken away from u
bobhope1215 Says:
santa barbera is right — your second mortgage holder could take your house and your equity– ruin your credit and make life very hard for you. Why not just refinance and combine the two loans into a payment you can afford? mortgagemaster3@juno.com