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Second mortgage 125 accounts are used to pay off debt or to fund home improvement jobs. Instead of having a flexible rate like most mortgages, this one is fixed at 125%.

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12y ago

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How can one obtain a 125 second mortgage in the US?

One can obtain a 125 second mortgage by visiting several websites and filling in the correct information. These websites include BD Nationwide Mortgage, Second Mortgage Outlet, and 125-Second-Mortgage.


Where can someone find reviews for the 125 Mortgage Refinance?

125% Mortgage refinancing is generally not recommended in the current economic climate. Reviews of 125 Mortgage refinance can be found online at Smart Money, Fox Business, and the Mortgage Professor.


Why might a homeowner take out a second mortgage?

A homeowner take out a second mortgage if they are struggling to pay off their first mortgage. You can read more at www.bostonapartments.com/mortgage/second-mortgage/second-mortgage.html -


What are the benefits of obtaining a 125 mortgage?

The benefits of obtaining a 125 mortgage can vary depending on the state which one resides. The main benefit is that a consumer might be able to borrow up to 125% of the value of one's home.


What are the dangers of a second mortgage foreclosure?

The biggest problem with second mortgage foreclosures is that you can lose your home even if you are still current on your first mortgage. The second mortgage, if defaulted on supersedes you first mortgage.


What are the benefits of getting a second mortgage refinance?

The main benefit of a second mortgage refinance is that it allows one to not have to create a new mortgage. Creating a new mortgage can be a hassle, which a second mortgage can alleviate.


What is the statute of limitations on second mortgage in CA?

A second mortgage is not included in a Statue of Limitation law. Explain more about your first mortgage, and I will be able to tell you what will happen to your second mortgage.


What is second home mortgage?

A second home mortgage is a loan that you take to purchase your second home.


What rights does the second mortgage holder have if the first mortgage payments are up to date?

If the second mortgage is in default the second mortgagee can foreclose and take possession of the property subject to the first mortgage.


Why does the second mortgage holder have to approve of the first mortgage refinance?

The second mortgage holder typically needs to approve the first mortgage refinance because they hold a subordinate position to the first mortgage. Refinancing the first mortgage could impact the second mortgage holder's position, so their consent is often required to make changes to the primary loan.


Why si there second mortgage rates?

"Second mortgage rates are for people who already have a first mortgage out and need the money for bills. Or, sometimes if there is an emergency and they don't have the money to cover it, they will take a second mortgage out."


What happens to the second mortgage if the first mortgage is paid off?

you then only have to pay the second