Second Mortgage

Leverage equity while keeping your current first mortgage in place.

A second mortgage is an additional loan secured by your home—separate from your first mortgage. It can be a helpful way to access equity without refinancing the first loan, depending on your goals, current rate, and overall strategy.

Why homeowners consider a second mortgage

  • Access equity without changing the terms of your first mortgage.
  • Finance a major project or expense with a clear payoff plan.
  • Structure financing differently than a revolving line (depending on product options).
Second mortgages can come in different structures (for example, fixed-payment options or line-style options). We’ll help you compare the pros/cons based on your goals, timeline, and comfort with payment changes.

Second mortgage vs. HELOC

Second Mortgage

Often structured with a set amount and clearer repayment schedule (varies by program).

HELOC

Revolving access to funds—borrow what you need, when you need it (during draw period).

Explore Second Mortgage Options Paperwork Needed
This page is informational only. Eligibility, terms, and rates depend on underwriting and program guidelines.