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Second mortgage loans are also referred to as a “junior-lien” or a “home equity loan.” This type of loan works by using your house as collateral while you still paying on your primary mortgage loan. If you need a little extra income, a second mortgage loan may be an... -
If you are drowning in debt or you have major home repairs that need to be completed, you may be thinking about taking out a second mortgage. It’s understandable if you’re on the edge about this type of loan because it uses your home as collateral. Since it can...