Second Mortgage
Tap into your home equity with a second mortgage from LoanMeet. Whether it’s for home improvements, debt consolidation, or tuition, our flexible options ensure you get the funds you need with terms that work for you.
Get a quoteLoan benefits
- Access funds for large expenses without disturbing your primary mortgage for flexible spending.
- Enjoy lower rates compared to credit cards and personal loans, ensuring competitive rates.
- Potential tax deductions on interest you pay may be available (consult your tax advisor for tax benefits).
- Experience fast processing so you can access funds when you need them with quick approval.
- Use the money to consolidate debt and reduce monthly payments, increasing your cash flow.
- Choose repayment terms that suit your financial situation for tailored terms.
- Borrow a significant portion of your home's equity with a high borrowing limit.
Eligibility requirements
- Must have at least 20% equity in your home.
- Credit score of 620 or higher preferred.
- Proof of stable income and employment.
- Current on your primary mortgage payments.
- Debt-to-income ratio under 43%.
- Detailed appraisal of the property’s value.
- Sufficient financial reserves for emergencies.
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