Are you a homeowner in need of a cash-out loan alternative that allows you to tap into your equity while keeping your first low-rate mortgage intact? If not, it’s time to learn why you should consider our closed-end second mortgage, the Fixed Second Mortgage, as a solution for your financial needs.
The current landscape for U.S. homeowners is promising, with a significant amount of equity built into their homes. According to CoreLogic’s analysis for Q3 2023, there has been a year-over-year gain of $1.1 trillion in equity. Despite this positive trend, total household debt, as reported by the Federal Reserve Bank of New York, stands at $17.5 million.
We understand the importance of providing borrowers with a non-QM solution to leverage their equity and achieve their financial goals. Our Fixed Second Mortgage offers a reliable and efficient way for homeowners to access the equity in their homes without jeopardizing their existing low-rate mortgage.
Whether you’re looking to consolidate debt, fund home improvements, or cover unexpected expenses, our Fixed Second Mortgage (closed-end second mortgage) can provide you with the flexibility and financial freedom you need. Contact us today to learn more about how we can help you unlock the potential of your home equity.
