Second or third mortgage allows you to have additional access to funds. Homeowners can choose from financial institutes or private lenders depending on their specific scenario. The amount of second or third mortgage you may qualify for depends on the amount of equity you have within your home.
Financial institutes or private lenders are willing to provide up to 90% equity access on any residential property or up to 75% equity access on any commercial properties. Interest rates start at 4% and reflect on credit, income, property type and individuals or corporations involved.
To qualify for a second 2nd or third 3rd mortgage, you must own any type of real estate.
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