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Can I do a 2nd mortgage

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Icon Mini Profile betty01shop





Joined: 05 Mar 2011

Posts: 1

1.24 Dollars($)
Post Posted: Sat Mar 05, 2011 6:17 pm    Post subject: Can I do a 2nd mortgage
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If I dont have enough equity in the home can I still do a 2nd mortgage and would the rate be higher than 5.oo%
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10562
Location: ALASKA
1089.18 Dollars($)
Post Posted: Sun Mar 06, 2011 7:22 pm    Post subject:
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Hi betty01shop,

If you don't have enough equity in your property, then you won't be able to get a second mortgage.

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