Second Mortgages, Bad Credit Refinance Loans, Mortgage Rate Refinancing

Second Mortgage Loan Programs: 90-105%
Several Equity Loan Options

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.

Low Interest Rate
2nd Mortgages
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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
* Vacation Home Loan
* Investment Loans
* 2nd Home Refinancing

Online Mortgage Rates
Quick loan & rate quotes
* Quotes 4 lenders

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. FHA Mortgage Refinance Loans can be effective solutions that you and your family will benefit from because the rates are fixed and reasonable.

Home Equity Credit
* Low interest only

Pay off high rate debt
Lower Monthly Payment

Cash Out Loans for Home Renovation? Get Started

FHA Home Refinancing
* Consumer Loans to 97%

Eliminate high interest
* Bill consolidation loan
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2nd Mortgage Refinancing
* Lock a Fixed Rate

No Application Fee!

Good Credit?
Fair Credit?
Poor credit?
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More Low Rate 2nd Mortgages
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

FHA Loan Limit Increases to $362,000, $417,000, and $729,000 for Fannie Mae and Freddie Mac increase in 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. Many homeowners will save money because they will not have to pay extra each month with the interest rate increase that usually comes with jumbo home loans. Fannie Mae and Freddie Mac are considering increasing the loan limitations in 2008 and 2009.

Bad Credit 2nd Mortgages
If you are being turned down for a home equity loan, try #1 Second Mortgage. We specialize in non prime home financing.

Welcome to #1 Second Mortgage Inc. We have constructed an online refinancing portal, so homeowners can get access to cash from refinance loans and second mortgages. Consumers can activate a credit line or refinance their home with the lowest possible interest rate that makes their mortgage payments more affordable.

We are a mortgage company who specializes in bad credit refinancing, second mortgages and home refinance loans from 90-105% with fixed rate options.

Let the Brokers & Banks compete for your loan business!
Refinance your first or second mortgages with a fixed rate!
Get money with an interest only credit line for home renovation
Combine all your home mortgages together and save!

Save time and money at home and let the expertise at 1 Second Mortgage bring the brokers, lenders, and bankers to you.

You are not obligated to do a loan with our lenders, but we appreciate the opportunity to compete for your financing business.

Apply for a refinance or second mortgage online, and relax, while we bring the 4 best loan quotes to you.

You will enjoy the automated process, competitive loan rates, and financial expertise that come standard with no charge from #1 Second Mortgage.

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.

#1 Second Mortgage will help you compare 2nd mortgage options.

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 a fixed interest mortgage is suggested if the rates are variable. Select from reduced interest programs that are designed for refinancing your 1st mortgage or consolidating your 2nd mortgage.

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 Required! 95% Cash Back Loans
Free Mortgage Refinance Quote - Rate Quote Request

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.

Debt Consolidation Solutions
A debt consolidation loan using your property as collateral can be a wise financing decision for your bottom line. Many consumers use their home and take out a second mortgage or refinance loan that is secured by your home. The main purpose of these loans is to refinance existing obligations. You may be able to save a lot of money by rolling the credit cards into one lower rate loan with a fixed term. Many times, this will assist you in gaining additional tax advantages that your debt's interest isn't earning you now.

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.

Mortgage Refinance Considerations
Mortgage refinance loans may help you lower the interest rate, and save you additional money with lower payments. Choose from fixed rate refinancing terms of 15, 30 and 40 year mortgages. Select from interest only or principal and interest payment options with fixed or adjustable rate amortization.

Considering a Home Refinance
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. Our loan company offers FHA home loans; VA mortgage, conforming, and non-conforming sub-prime refinance loans. Bad credit scores has hindered many homeowners, but the FHA Secure loan has opened the door for borrowers to refinance into a fixed rate.

Home Improvement - Credit Lines
Take advantage of the equity in your home and get a second loan for home improvement projects, like remodeling or adding a new pool. We offer loans for people who just bought their home, or homeowners that just want to fix up their old home.

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 mortgage loans online. Let us do the mortgage loan shopping for you.

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All Rights Reserved.
Call Toll Free 866-467-1462 for a Free Loan Quote -
Corporate Location 800 5th AVE, STE 103 SEATTLE, WA 98104

Bad credit is accepted for many 1st and 2nd mortgage programs that allow consumer to refinance their mortgages to 95%!

We offer full-service mortgage loans, providing fast, efficient service. 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%

Finance to 100% with a VA mortgage that needs no appraisal!

Stated Income Mortgage - No income verification for Self-Employed borrowers with qualifying credit scores. No W2's No Pay-stubs and No Bank Statements!

Payment Option Refinance
Fixed Rate Option
Interest Only Loans
1% Negative Amortization
80-20 Combo Mortgages

Let the Brokers & Banks compete for your home finance business!
- Get Started -

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

The sharpest slowdown in U. S. home-price growth in three decades is trapping owners with mortgages they can't afford, pushing unsold homes to a record 4.42 million and gutting profits for builders.

The U.S. median home price next year may fall for the first time since the Great Depression, said Gabriel Stein, chief international economist with Lombard Street Research in London. Analysts predict more interest rate cuts in 2008 and 2009 before the Fed shifts directions to head off inflation.

Economists such as Nobel laureate Joseph Stiglitz warn that the reduced home sales, higher interest rates and credit crunch, may push the world's largest economy into recession.

"The housing slowdown will be a large drag on economic activity," said Jan Hatzius, chief U. S. economist with Goldman Sachs Group Inc. "The Fed may cut mortgage rates to 4 percent next year as the housing downturn starts to push up the unemployment rate."

Make your credit card interest disappear with a 2nd mortgage loan that offers lower payments and tax deductibility.

According to Foreclosures.com, a Fair Oaks, California based investment firm, 3 of every 1,000 homeowners in the United States lost their homes to foreclosure in the first half, a 41% increase from the level recorded in the first half of 2006.

Mortgage refinancing activities are beginning to pick up again, as many homeowners are utilizing the government sponsored lending programs, like FHA Secure.