1SecondMortgage.com

Get a second mortgage loan for refinancing; cash out, home improving or debt consolidation, even if you have bad credit and need 2nd chance loans. We are a second mortgage company that has been originating a wide variety of low rate home equity loans for nearly 15 years. Our mission is to provide homeowners with an alternative to refinancing their 1st lien by means of low rate 2nd mortgage financing. After decades of mortgage lending, our founders assembled an all-star team in an effort to construct the best refinancing portal online with a simple goal of empowering homeowners to gain better access to shop for second mortgages, home improvement and cash out refinance loans. Consumers can activate a credit line or refinance their home with the lowest possible interest rate that makes their mortgage payments more affordable. Talk with competitive 2nd mortgage lenders today!

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Search for the Best 2nd Mortgage Programs

Meet lenders that specialize in cash back loans, second home mortgage lines of credit and 2nd loan refinancing from 75-100% with fixed rate options.

  • Low Rate Opportunities on 2nd Mortgages
  • Compare Credit Lines for Cash Out
  • Discuss No Cost Mortgages
  • Find Affordable Loans for Consolidating Debt
  • See New Programs for 2nd Loans with Poor Credit
  • Check for Fixed 2nd Mortgage Rates
  • No Pre-Payment Penalties
  • No Fees to Check Rates
  • Compare and Review Lenders for Free

Are you looking for a second chance loan? Our site has automated the process of finding respected 2nd mortgage companies that specialize in bad credit refinancing, and home equity credit lines from 75-100% with fixed rate options. Most second mortgage lenders have tightened guidelines or pulled their home equity programs all together. On the contrary, we will introduce you to trusted 2nd mortgage lenders that remain aggressive with cash out alternatives for consumers who do not want to refinance their first mortgage.

Learn How to Refinance Your Bad Credit 2nd Mortgage Loan

Once again we ranked in the top 5 for second mortgage lenders online. We would like to extend our gratification to our customers by continuing with our policy of "No application fees for our second mortgage quotes."

  • Shop Brokers, Credit Unions, Lenders and Banks for Competitive Loan Programs
  • Get Help Refinancing first or second mortgages with a fixed rate!
  • Get money with an interest only credit line for home renovation
  • Find second chance loan opportunities with an affordable home equity program that makes sense.
  • Learn the best methods to combine all your home mortgages together while maximizing monthly savings!

Save time and money at home and let our expertise make taking out a second mortgage easier than you ever imagined. We bring the brokers, lenders, and bankers to you.

Now you can save time and money at home and let our expertise make taking out a second mortgage easier than you ever imagined. We bring the brokers, bankers and lending sources directly to you.

You are not obligated to do a 2nd mortgage or to take out an equity loan with our lenders, but we appreciate the opportunity to compete for your financing business.

Meet companies that are excited to help you compare 2nd mortgage options from the nation's leading second mortgage lenders. There are many new lending opportunities that arise all the time but you need to be speaking with the banks and lenders that specialize in 2nd mortgage programs, subprime equity lines and hard money loan transactions.

Are You Haunted from Credit Problems in Your Past? Try Applying for bad credit second mortgage online, and relax, while we bring the best three quotes to you so you can make a wise and prudent financial decision at your leisure. Let’s be honest, there are thousands of homeowners that could benefit from a second chance loan secured by their real estate. Thousands of our customers have enjoy the automated process, competitive rates and terms, and financial expertise that come standard with no charge from participating 2nd mortgage companies.

Our lending partners offer home equity loans for most types of credit! If you have been turned down lately, this is a cost-effective way to use your home equity and pay off loans quickly at a lesser rate of interest. If you have noticed that your ARM payment has been increasing it may be time to revise both your 1st and 2nd home mortgages.

Many homeowners are paying off debt and getting the monthly payments reduced with a fixed rate equity loan. Refinance your home purchase or credit line with fixed interest is suggested if the rates are variable. Select from reduced interest programs that are designed for refinancing your 1st mortgage or consolidating your 2nd loan.

If your credit line rate is above "Prime", we suggest refinancing with one of our fixed rate 2nd mortgages. Ask your loan officer about the "Quick Fix" loan that features a streamlined mortgage process and limited closing costs.

Check current second mortgage rates now!

Let us help you find the right lender today!

No Equity Opportunities! Ask About 95% Cash Back Loans
Free 2nd Mortgage Quotes for Low Rates & Refinancing

Taking Out a Home Equity Loan

A home equity loan is a 2nd mortgage that borrowers usually take out for the purposes of getting back cash or revising the interest rates on their variable rate credit cards.

If you have a line of credit with a variable interest rate, you may be able to lower your monthly payment and possibly retain tax advantages. Getting a second loan may create new opportunities for you to save money while helping to increase your emergency funds.

Secure Debt Consolidation Solutions

Did you know that in many instances a 2nd lien used for debt consolidation can be a wise financial decision? Discuss the pros and cons with a financial adviser because you would be using your property as collateral. Many consumers leverage their house by taking out a second mortgage or refinance loan that is secured by your residential real estate. The main purpose of this type of financing is to refinance existing obligations. In many cases, borrowers are able to save money when rolling the credit cards into one lower rate loan with a fixed term. Make sure you compare all factors such as term, interest rate and costs. Many times, this will assist you in gaining additional tax advantages that your debt's interest isn't earning you now. If your credit scores are too low, consider a debt consolidation loan for bad credit.

What You Should Know About Second Mortgage Lending

A second mortgage is a subordinate loan behind your first mortgage. Borrowers take out 2nd loans to get cash, make modifications to their home and pay off multiple bills. Most people are able to lower their payments each month, while gaining additional mortgage tax deductions. Typically when you apply with lenders, many will try and talk you into refinancing the 2nd mortgage at the same time you redo the 1st lien, otherwise you will have to get the second mortgage company to agree to complete a subordination agreement.

Competitive Mortgage Refinance Considerations

Refinance mortgages may help you lower the interest rate, and save you additional money with lower payments. Choose from fixed rate refinancing terms of 10, 15, 20, 30 and 40 year mortgages. Select from interest only or principal and interest payment options with fixed or adjustable rate amortization. If you have been rejected from lenders because you are currently late on your payment, consider a modification from a foreclosure prevention company. If you have lost equity on your house and your property is considered underwater, (meaning your mortgage is larger than your home's value) then the Home Affordable Refinance Program is a popular program to consider because there are no equity requirements whatsoever. First figure out if your mortgage balance is greater than your house's appraised value. Second, ask the loan companies about the HARP Program that has been extended through 2017.

Consider House Refinancing for Lower Monthly Payments

Refinancing your home can lock your rate with a fixed rate loan that ensures fixed payments every month until your loan is paid back in full. You can refinance your primary residence, second home, or investment property and lower your mortgage payments for large savings. We can help you shop companies that are licensed for FHA mortgages; VA, conforming, and non-conforming sub-prime refinancing. It's no secret that poor credit scores have hindered many homeowners, but the FHA programs have opened the door for borrowers to refinance into a fixed rate with loans like the FHA Secure, Hope for Homeowners and more.

Smart Financial Move to Make Home Improvements with Credit Lines

Take advantage of the equity in your property and get a second loan for home improvement projects, like remodeling or adding a new swimming pool. We will help you shop credit lines and 2nd loans for people who just bought their home, or homeowners that just want to fix up their old home. Learn more about the finance power of being a homeowner.

Take some time and research the interest rate, Federal Reserve policy, and learn more about the crucial economic indicators that determine the direction of lending institutions; Or you could let the #1 Second Mortgage Company help you through the tiring process of cash out lending online. Let us do the loan shopping for you.

Recently Posted 2nd Mortgage Articles

Should I refinance a 2nd mortgage? - You may be able to improve your financial situation by refinancing a HELOC or second mortgage. Get rid of the revolving line and settle into a fixed rate 2nd loan with set payments for a fixed period.

How to qualify for a second mortgage - Like many home loans, borrowers have to meet the underwriting standards. Your credit and income credentials must meet the minimum criteria the bank outlines for the 2nd lien products.

How to get a 2nd mortgage modification – Learn more about the pros and cons of a modification. Find out the steps needed for relief and foreclosure prevention.

When to consolidate a 1st and 2nd mortgage into one loan - If you have the means to reduce your monthly payments or long term debts it usually makes sense to refinance liens together.

10 tips for refinancing a 2nd mortgage - Get prudent advice from financing experts online that specialize in rate and term and cash out refinancing.

Can I get a second mortgage behind a FHA lien? - Taking out a 2nd mortgage is possible, even if you have a government insured lien in first position.

Second mortgage interest rate forecast - Find out where the market is headed so you can maximize "cheap money."

Do lenders still offer 2nd mortgages with an interest only payment option? Lenders are not extending deferred interest but interest only is still available with home equity lines of credit.

Loan to value requirements for a 2nd mortgage - Talk to loan officers about the current guidelines and LTV standards to qualify for subordinate financing.

Debt to income ratio criteria for second mortgages - DTI is one of the critical factors is determining the eligibility of a borrower seeking a 2nd mortgage.

For More Second Mortgage Information:

What is a 2nd Mortgage?

In finance terms it is a "junior lien" that sits behind the 1st loan on title. A "second mortgage" no longer has the stigma it once had with homeowners in the 70's. Today savvy borrowers use the 2nd loan to maximize tax deductions and low interest financing.

Second Mortgage Loan Programs: 80-100%
Several Equity Loan Options to Consider:

1. Fixed Installment Loan

2. Revolving Credit Line

3. 1st and 2nd Mortgage Combination

Shop our network of over 500 home lenders and mortgage brokers will be matched with your loan criteria to get you the best mortgage rate for refinance or 2nd mortgage loan.

Welcome to the Online Solution Where Brokers & Banks Compete for your lending business!

Low Interest Rate
2nd Mortgages

  • No PMI Options
  • Tax Deductions
  • Improved Financing

Mortgage Consolidation
Combine your 1st & 2nd
Into 1 mortgage with better rates and lower payments!

Second Home Loans

  • Financing for Vacation Homes
  • Investment Loans
  • 2nd Home Refinancing
  • Emergency Credit Lines

Online Mortgage Rates
Quick loan & rate quotes
* 3 Quotes Mortgage lenders

How to Get a Second Mortgage Loan

Start taking home financing seriously, because leveraging your debts can save you thousands of dollars of the course of your lifetime. Be wise, and start working smart, instead of working harder to pay off credit card debt. If you can't qualify for a 2nd mortgage you want, there may be alternative options from government programs that can be effective solutions that you and your family will benefit from because the rates are fixed and reasonable. Check the latest changes to guidelines, rates and requirements from multiple 2nd mortgage lenders.

Home Equity Credit
* Low interest only

Pay off high rate debt
Lower Monthly Payment

Cash Out Loans for Home Renovation?

FHA Refinancing
* Consumer Loans to 97%
* FHA Refinance Streamline

Eliminate high interest
* Bill consolidation loan
* Refinance bad debts

Second Mortgage Refinance

2nd Mortgage Refinancing
* Lock a Fixed Rate

No Application Fee!

Good Credit?
Fair Credit?
Poor Credit?

See More 2nd Mortgage Requirements
Home equity lines of credit with fixed rates for: 3 or 5 year periods.
- Interest Only HELOC
- Low Monthly Payments
- No Pre-Pay Options
- No Balloon Payments
- 100% Loan to Value

Did you know that Congress passed a bill to raise the loan limits from $362,000, $417,000, and $729,000?  Even Fannie Mae and Freddie Mac increased the housing limitations; mortgage financiers sharply raised the dividing line between conforming and more-expensive jumbo mortgages.

Conventional Home Mortgage Limit Increased from $417,000 to $729,000. This was really good news because many homeowners could be in a position to save money because they will not have to pay extra each month with the interest rate increase that usually comes with jumbo loan amounts. Rumor has it that Fannie Mae and Freddie Mac are considering increasing the loan limitations in 2016 and 2017.

Bad Credit 2nd Mortgages
If you are being turned down for an equity loan, try our #1 rated loan, the second mortgage. We specialize in non-prime home financing.

Find out if you qualify to refinance a second mortgage. It can be difficult if you credit score drops below 580, so make an effort to keep you credit scores as high as possible.

Second loan options are available for homeowners looking to refinance or get access to money.

Should You Refinance a 1st and 2nd Mortgage together?

How will the U.S. debt crisis and conflict in the Middle East affect the mortgage market in 2016 and 2017?

Will the private money lenders return with aggressive 2nd mortgage programs as they did in the 1990's? Many California hard money lenders believe the tide has shifted in their favor. HLW reported that private money lending activity was up significantly this year. Many people in high cost areas have considered hard money 2nd mortgages, but do they have enough equity to qualify?

Talk to 2nd mortgage lenders that understand the requirements and guidelines for all types of subordinate lending.

If you are a homeowner you should stay up to speed on second mortgage and home equity products.

Second mortgage interest rates have dropped again for qualified borrowers. Bad credit is accepted for many 1st and 2nd mortgage programs that allow consumer to refinance their mortgages to 95%!

Learn more about our featured full-service second mortgage lenders that offer affordable cash out loans. If you are looking for fast, efficient loan processing this is a good website to start shopping. Apply now for free, and receive up to three no obligation mortgage quotes!

Low Rate Loans Online
* Quick Approvals!

Home Equity Lines
* Credit up to 100%
* P&I or Interest Payments
* Reusable HELOC's

VA Home Refinancing
* Vet-Loans to 100%

Fund Home Remodels
* Construction Financing

Past Bankruptcy OK to 95%

Get a second mortgage quote free and finance to 100% with a VA mortgage that needs no appraisal!

Mortgage News

Mortgage refinance activity continues to surge again, as many lenders have added loan requirements. Even FHA implemented a minimum credit score requirement, so the trend for tighter underwriting guidelines appears to be in motion. Fannie Mae and Freddie Mac officially eliminated their purchase money second mortgage. For decades, new home buyers were able to avoid paying mortgage insurance with a 2nd mortgage. The defaults on subordinate financing have been so high the last few years that these government agencies have suspended their concurrent 1st and 2nd loan programs.

Stated Income Mortgage - No income verification for Self-Employed borrowers with qualifying credit scores. No W2's No Pay-stubs and No Bank Statements! Find out if you qualify for this type of loan.

The example above is for a $25,000 2nd mortgage 5.25% that is fixed for 30 years with an APR of 5.97% with $795 in lender closing fees. 2-13-12.

Economists Warn Slower Home Sales Risky for Economy. Will the Fed Continue to Lower Rates?

The Federal Housing Administration lowered the loan to value requirements for cash out refinancing from 95% to 85%. Unfortunately higher mortgage insurance premiums have made government insured mortgages less appealing because the monthly mortgage insurance payments have risen twice in the last year.

Finance analysts predicted more low interest rates in 2016, but the Fed will be forced to start hiking rates in 2017 or 2018 an effort to head off inflation.

Many respected economists warned that lower house sales, higher interest rates and the prolonged credit crisis, could push the U.S. economy into another recession.

A recent Reuters article revealed that Goldman Sachs Group executive said, "The Federal Reserve can only keep key interest rates at zero, for so long. With fixed mortgage interest rates falling in the mid 3 percent range again this year the sluggish housing results and the high unemployment rate have helped prolong these record low interest rates." As the housing market rebounds, you can expect interest rates to rise on 1st and 2nd mortgage programs.

We anticipate that banks, credit unions and loan companies may introduce new second mortgage programs since delinquencies have fallen for subordinate liens.