how do i get a 2nd mortgage

we bought a house a year ago and we still owe about $280,000 and the value of the house is about $370,000 we want to consolidate all of our debt which will be around 80,000 can we still take a second mortgage of 80,000 and do you know how much monthly payment will i pay for the second mortgage

Tailored Mortgage Solutions, Your Home is Your Largest Investment, Make the Right Choice. We Offer the Most Competitive Rates and Easy Approvals.

How does getting a second mortgage work? Wondering if you can get a second mortgage? Well, you’re only eligible for one if you’re already a homeowner. That said, you do not necessarily need to live in the property. A second charge mortgage can be a loan of anything from 1,000 upwards.

home lenders for low credit scores When weighing the top fha lenders. experience for home buyers and a mortgage that is affordable in the long run. When choosing top FHA lenders, we considered interest rates, customer service,

Disadvantages of a second mortgage. A second mortgage can be a hindrance if you want to refinance, need a loan modification or have to sell your home in a short sale. Closing costs on second mortgages can be expensive, often thousands of dollars. Expect to pay for origination fees, title fees, the appraisal and a host of other costs.

fha loan appraisal checklist

Mortgage questions abound when you’re a first-time home buyer. Compounding the challenge is the embarrassment. Take five to read on, and wonder no more. 1. What do you need to get a mortgage?.

houses for people with bad credit Best Home Loans for Bad Credit. Do you think that because you have bad credit that buying a house is out of reach for you? Not so fast. Not only are there banks out there willing to loan to people with bad credit, but they’re trustworthy banks with good offers.

In many cases, it is possible to get a fixed interest rate on a lump sum second mortgage, so you don’t have to worry about rates rising and forcing a higher payment later on.

RPM Mortgage is a proud member of LendUS®, one of the largest independently owned and operated mortgage lenders in America. LendUS® was created as a collaboration of three well-established, like-minded companies.

the direct-to-consumer mortgage lending arm of Ally Bank. "If you can wait a year before applying for a home loan, that’s an even better time frame to get your credit and finances into top shape.".

when they do I have 30 days to get out,” said Ezernack. Selling the house is a possibility but Ezernack would have to sell the home for around $220,000 to make it financially feasible after agent fees.