Adjustable Rate Second Mortgage Loans

Get professional help with a
2nd mortgage loan

Adjustable rate 2nd mortgage loans are also known as variable rate home equity loans, because the interest rates can vary month to month and the amount borrowed revolves like a credit card. Mortgage Lenders have knick-named the HELOCS, which is short for home equity line of credit.

Usually these home equity lines are linked to a respected index like the Prime WSJ Index. Most adjustable rate second mortgage loans are equity lines of credit that only require borrowers to pay interest on the amount they actually utilize from the line of credit.

  • No Surprise Loan Fees!
  • Credit Lines Fixed to Prime
Answers from the Experts at Second Mortgage

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Is there Mortgage Insurance Required for Second Mortgage Loans?
What is the Difference between a Second Mortgage and a Home Equity Line?
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What is the Difference between a New Second Mortgage and my Existing Mortgage?

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