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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. Cash-out refinance vs. home equity loans: Which is best in ...

   www.aol.com/finance/cash-out-refinance-vs-home...

   As a type of second mortgage, rates for home equity products can be 1% to 2% percentage points higher than first mortgages or cash-out refinances, since they're riskier for lenders.

4. Secondary mortgage market: What it is and how it works - AOL

   www.aol.com/finance/secondary-mortgage-market...

   1. A borrower takes out a loan. A homebuyer borrows money from a lender by taking out a mortgage (a conforming loan). The homebuyer gets cash to purchase the home, while the lender holds the buyer ...

5. 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.

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

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

   A second mortgage is a loan taken out on a property that already has an existing mortgage. It allows homeowners to tap into the equity they’ve built up in their homes. There are two primary ...

7. 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 ...