Mortgage lenders offer closed end second mortgages with fixed rates and monthly payments. Many consumers like closed end second mortgages because the interest rate is fixed and the terms are set. There are no surprises with these traditional installment loans. Closed end loans are less of a risk to lending institutions because fixed rates are much easier to include in a budget than revolving credit lines that have interest rates fluctuating. Fixed rate home equity loans have a specified amortization schedule that outlines when the balance owed will be paid back. Once the loan is paid off, then no more money can be accessed unless the borrower is prepared to take out a new mortgage.
Fixed Interest Rates
Compare Rates on Second Mortgages & Get Money Back
Fixed Monthly Payments
No Inflation or Rate Hikes
Low Rate Installment Loans
2nd Mortgages to 125%
Simple Interest Amortization
Second Mortgage Outlet offers fixed rate 2nd mortgages that provide debt relief and lower monthly payments. If you would like to fund home improvements, college tuition, then give a call or apply online to get a loan started immediately.
2nd Mortgage Refinance and revise your loan with a fixed rate. Stop paying costly private mortgage insurance (PMI). Available with an adjustable or fixed rate. 125% 2nd Mortgage Loan amounts to $125,000.
Get approved for a 2nd mortgage in just a few minutes and compare several home equity options from All-Star Mortgage Lenders. Home equity credit lines offer access to money for home improvements and bill consolidation.