Yes you can take out a new second mortgage without being required to refinance your existing mortgage. If you have a great rate on your first mortgage there is no reason to refinance it.
Taking out a new second mortgage is a great idea to access your home equity without touching your great rate on the first. You can cash from a second mortgage for debt consolidation, home improvements, and most other purposes.
- No Loan Application Fees!
- No Cost for 2nd Mortgage Quotes!
- No Obligation whatsoever!
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