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2. What is a second mortgage, and how does it work? - AOL

   www.aol.com/finance/second-mortgage-does...

   If you have a home worth $300,000 and $200,000 remaining on your first mortgage, for instance, you might be able to borrow as much as $55,000 through a second mortgage: ($300,000 x 0.85) – $200,000.

3. Second mortgage - Wikipedia

   en.wikipedia.org/wiki/Second_mortgage

   Second mortgage interest rate payments are also tax deductible given certain conditions are met. [35] This advantage of second mortgages reduces the borrower's taxable income by the value of the interest expense. [36] In general, total monthly repayments on the second mortgage are lower than that of the first mortgage.

4. How to refinance when you have a second mortgage - AOL

   www.aol.com/finance/refinance-second-mortgage...

   Piggyback mortgage: A piggyback mortgage helps fund a down payment on a house, allowing you to avoid paying for mortgage insurance or taking out a jumbo loan. 5 steps for refinancing your second ...

5. Remortgage - Wikipedia

   en.wikipedia.org/wiki/Remortgage

   The process of remortgaging does not usually involve moving house or taking out a second mortgage on the property; it is in effect the transfer of a mortgage from one lender to another. [2] Homeowners may choose to remortgage for various reasons, usually to reduce the overall monthly mortgage payment amounts.

6. Refinancing a home equity loan: When and how to do it - AOL

   www.aol.com/finance/refinancing-home-equity-loan...

   Reverse mortgages: Seniors (those aged 62 and up) can tap into their home equity by taking out these mortgages without monthly payments; instead, the loan is repaid when the home is sold or the ...

7. Amortization schedule - Wikipedia

   en.wikipedia.org/wiki/Amortization_schedule

   An amortization schedule is a table detailing each periodic payment on an amortizing loan (typically a mortgage), as generated by an amortization calculator. [1] Amortization refers to the process of paying off a debt (often from a loan or mortgage) over time through regular payments. [2]