A second mortgage allows you to use the equity in your real estate as security for a Business Purpose or Investment Loan. The second mortgage falls behind your original mortgage (the 1st), making it the 2nd. Due to it’s position, 2nd’s will have a higher rate than a 1st, but still can be better than other credit options.

Typical Items Needed for a 2nd’s Stated/Stated:

  • Loan Application
  • Borrower Authorization
  • Picture ID
  • Loan Submission Form
  • Home Owners Insurance
  • Mortgage Statement or Note to Prove No Balloon Payment

If Corporation:

  • Articles of Incorporation
  • Bylaws
  • Statement of Information
  • Form W9

If LLC:

  • Articles of Organization
  • Statement of Information
  • Form W9

Apply Now

Call Now