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Is anybody making second mortgages in Texas

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Icon Mini Profile broganterence





Joined: 13 Aug 2009

Posts: 3

2.41 Dollars($)
Post Posted: Fri Aug 14, 2009 8:18 am    Post subject: Is anybody making second mortgages in Texas
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I tried this search engine and it has no results for second mortgages in Texas. Are they non existant?
Icon Mini Profile sunnyca2009





Joined: 04 Aug 2009

Posts: 1731

35.55 Dollars($)
Post Posted: Fri Aug 14, 2009 8:07 pm    Post subject:
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I think yoru question is linked to yoru earlier question

Please check that
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10562
Location: ALASKA
1089.18 Dollars($)
Post Posted: Fri Aug 14, 2009 8:31 pm    Post subject:
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Hi broganterence,

Second mortgages are not unavailable in Texas. You can contact your present lender and apply for a second loan. While approving your second loan, the lender would check out if your property has equity or not. If there's no equity, then the lender won't consider giving you a loan. Also, your credit score and income will be taken into consideration.

This community has a large number of lenders. You can speak to them and seek a no obligation free mortgage consultation. This will let you know whether or not you would qualify for a second loan.

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