Fixed-Rate Second Mortgages

  • Fixed rate and fixed term secured by equity in primary residence
  • Loan terms from 5 years to 15 years
  • Monthly principal and interest payments
  • Funds can be used for any purpose from home improvement to college expenses
  • Competitive rates and closing costs
  • Interest is normally tax-deductible
  • Funds are disbursed in one lump sum
  • Appropriate for many different borrowers who wish to have a loan which is tax deductible and has a set monthly payment