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

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

    A second mortgage is a home-secured loan taken out while the original, or first, mortgage is still being repaid. Like the first mortgage, the second mortgage uses your property as collateral.

  3. FCC warns of 50-state scam by fraudsters posing as mortgage ...

    www.aol.com/fcc-warns-50-state-scam-221235739.html

    Green Mirage scammers have impersonated more than 400 mortgage institutions and caused hundreds of thousands of dollars of losses to deceived homeowners, many of whom only learn of the fraud when ...

  4. Are second mortgages about to make a comeback? Freddie Mac ...

    www.aol.com/finance/second-mortgages-comeback...

    Pros and cons for US Consumers. Second mortgages allow homeowners to receive an immediate cash infusion, which can be used for home improvements, debt consolidation, education expenses, or other ...

  5. Buying a house under an LLC: Is it a good idea? - AOL

    www.aol.com/finance/buy-house-llc-212420678.html

    Here, we examine the complex pros and cons of buying a house under an LLC. What is an LLC? The acronym stands for limited liability company. It’s a type of corporate structure that allows ...

  6. Should you buy a second home? - AOL

    www.aol.com/finance/buy-second-home-191849101.html

    Demand for mortgages for second homes is currently the lowest it's been in several years. When considering buying a second home, it's important to consider the full financial impact: the costs of ...

  7. What are the pros and cons of home equity loans? A ... - AOL

    www.aol.com/finance/pros-cons-home-equity-loans...

    A home equity loan is a type of second mortgage that allows you to obtain a fixed amount of money by leveraging some of the equity in your home — that is, the difference between your home’s ...

  8. Can you use home equity to buy a second home? - AOL

    www.aol.com/finance/home-equity-buy-second-home...

    New mortgage: “In most cases, prospective second home buyers would be better off taking a mortgage on the property they’re acquiring instead,” says McBride. By taking out a loan that uses ...

  9. How to buy a second home - AOL

    www.aol.com/finance/buy-second-home-180026197.html

    Second home mortgage requirements can be more strict than mortgage requirements for your first home. For example, many lenders require you to put at least 10 percent down on a second home. There ...