What is a 2nd Mortgage?
In finance terms it is a "junior lien" that sits behind the 1st mortgage on title.

Second Mortgage Loan Programs: 80-100%
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.

Welcome to the Online Solution Where Brokers & Banks Compete for Your home finance 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

  • Vacation Home Loan
  • Investment Loans
  • 2nd Home Refinancing
  • Emergency Credit Lines

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

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 Second Mortgage Loans you want, a FHA mortgage can be effective solutions that you and your family will benefit from because the rates are fixed and reasonable. Check with our 2nd mortgage lenders for new programs.

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
* Debt Settlement
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Second Mortgage Refinance

2nd Mortgage Refinancing
* Lock a Fixed Rate

No Application Fee!

Good Credit?
Fair Credit?
Poor credit?

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 2013 and 2014.

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.

Qualifying for second mortgage refinance 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 affect the mortgage market in 2013?

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.

Get a second mortgage loan for refinancing; cash out, home improving or debt consolidation, even if you have bad credit. 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. Our team 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. Talk with competitive 2nd mortgage lenders today!

Find the Best 2nd Mortgage Online

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.

  • Best Rate Refis
  • Cash Credit Lines
  • No Cost Mortgages
  • Consolidate Debt
  • Low 2nd Mortgage Rates










Best Second Mortgage Loans

Find respected 2nd mortgage companies that specialize in bad credit refinancing, and home equity loans from 75-100% with fixed rate options. Most second mortgage lenders have tightened guidelines or pulled their home equity programs all together. Our second mortgage lenders remain aggressive with cash out alternatives for consumers who do not want to refinance their first mortgage.

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."

  • 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!
Get Approved Now

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.

#1 Second Mortgage will 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 second mortgage loan programs.

Apply for a refinance or bad credit 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.

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. Getting a second loan may create new opportunities for you to save money while helping to increase your emergency funds.
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. If your credit scores are too low, consider a debt consolidation loan for bad credit.
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 mortgage refinance lenders, many will want you to refinance the second mortgage at the same time you refinance the first mortgage, otherwise you will have to get the second mortgage company to agree to complete a subordination agreement.
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. If you have been rejected from lenders because you are currently late on your mortgage payment, consider a home loan modification from a foreclosure prevention company.
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 have hindered many homeowners, but the FHA loan programs have opened the door for borrowers to refinance into a fixed rate with loans like the FHA Secure Refinance and the Hope for Homeowners.

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.

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.

How to qualify for a second mortgage? Like many home loans, borrowers have to meet the underwriting standards.

How to get a 2nd mortgage 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 advice from financing experts online.

Can I get a second mortgage behind a FHA lien?
Taking out a 2nd mortgage is possible, even if you have a government home loan.

Second mortgage interest rate forecast - Find out where the market is headed.

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 for LTV standards.

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.

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%!

We offer info about 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!

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 significant mortgage rate cuts in 2013 and 2014, but the Fed will be forced to start hiking rates in 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 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.

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

According to Foreclosures.com, an investment firm from California, 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 2012.

Many homeowners are still utilizing the government sponsored lending programs, like the short refinance, Home Affordable Refinance Program and the Hope for Homeowners.

Second mortgage modification plans continue to perform poorly and that has many second mortgage lenders concerned that this statistic will hinder the recovery of the 2nd mortgage market.

If you do not qualify for a 2nd mortgage, we may be able to help you with alternative lending on a mortgage loan with FHA. Government loan programs offer cash refinancing and bill consolidation with not much equity required.

New HOEPA Rule: The CFPB increased the disclosure load for lenders that offer high cost credit lines and 2nd mortgage loans in 2014. A written notice stating that the equity loan does not need to be finalized, even though you may have signed the application and received the required disclosures. This law continues to extend 3 business days for borrowers to decide whether to sign the agreement after receiving the Section 32 disclosures. The new rule requires lenders to provide additional info the risks in addition to a list of pre-loan counselors.