Discover the benefits and risks of using a home equity loan to pay off your mortgage. Explore strategies to lower payments and manage potential pitfalls.

Discover the key differences between home equity loans and mortgages, including their purposes, stages of use, tax implications, and impact on your home equity.

Home equity loans and home equity lines of credit can be useful tools for debt consolidation, funding home renovations, purchasing a second home, funding education or even starting a small business.

A second mortgage is a loan against a home that also has an existing first mortgage. In a home foreclosure sale, the first mortgage lender gets repaid before the second mortgage lender. Applying for a ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...

Self-employed and interested in tapping into your home's equity with a second mortgage? A bank statement loan can help you bypass traditional tax return requirements, which can muddle the reality of ...

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up ...

You can refinance a second mortgage on its own fairly easily. Refinancing first and second mortgages together requires you to meet certain requirements but it is possible. Refinancing your primary ...

Normally when someone has a low mortgage rate, they don’t refinance into a higher one ...

A second mortgage unlocks home equity at a low interest rate, but it also comes with a second payment and higher qualification standards Written By Written by Contributor, Buy Side Alene Laney is a ...