South Carolina second mortgages
If you’re a homeowner and you want to borrow money but don’t want to refinance the terms of your first mortgage, consider a second mortgage. Two types are available:
* Structured similarly to a revolving credit card account is a HELOC (Home Equity Line of Credit) with a variable rate.
* For a fixed-rate, fixed-payment option, there’s a home equity loan that, at maturity, will be paid off in full.
South Carolina mortgage comparison
South Carolina lenders offer many mortgage products. With so much to choose from, figuring out what’s best for your needs can be challenging. But it won’t be once you gain a better understanding of the way each works. When you’re ready to learn more about ARMs, FRM, and the other many choices, Mortgages.com offers tools designed to help with this important financial decision.
