A Second Mortgage is another common term for a Home Equity Loan. Your first mortgage is the one obtained when you purchased your home. Another mortgage obtained after a first mortgage falls under the umbrella term Second Mortgage but can also be called third mortgage and so forth. Taking an additional mortgage on your home is not a small decision. Feel free to contact me for more info.
It is possible to get a loan even if you have a poor credit score, self-employed, have a bad credit, or have a bruised credit as long as you are a homeowner with home equity.
Credit ratings rank people based on the level of risk they pose to the lender. We can work together to help repair your beacon score so that we can get you back to lower rates ASAP