Posted on: 14th Oct, 2008 04:26 am
Example: My mortgage balance is $207,000 and it was last appriased at $210, 000; can I get a 2nd mortgage to pay off student loans and do home improvements
There are no longer lenders who will write a second over 100%
hi kgore,
i'd agree with cedric. i'm afraid you can't get a second mortgage loan if you don't have equity. considering the financial crisis that the markets have been going through, lenders aren't willing to offer second mortgage to those having no equity in their homes.
regards,
jessica
i'd agree with cedric. i'm afraid you can't get a second mortgage loan if you don't have equity. considering the financial crisis that the markets have been going through, lenders aren't willing to offer second mortgage to those having no equity in their homes.
regards,
jessica
