California Second Mortgage Cash Opportunity

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In Life…sometimes all we need is a “Second” to breathe!

Access equity without refinancing and keep your first mortgage

A Second Mortgage is an option that lets homeowners 55+ access home equity while keeping their current first mortgage in place.

With no monthly payments and a fixed interest rate, this product is designed for financial flexibility.

Specifically designed to work as a second loan, so borrowers can keep their first mortgage unchanged.

This loan offers an alternative to traditional home equity loans and HELOCs, providing flexibility without compromising your current loan terms.

Benefits of a Second Mortgage

Benefits

Preserves Your First Mortgage: Keep your current low-interest first mortgage intact while accessing additional equity.

No Monthly Payments: Borrowers are not required to make monthly payments, improving your cash flow.

Flex Loan Amounts: Get what you need, from $50,000 to as much as $1 Million dollars.

Fixed Interest Rate: Enjoy predictability and stability with a fixed-rate loan.

Success Scenario

Penny, a 63-year-old homeowner in Laguna Beach, owns a $1,500,000 home with a $300,000 first mortgage at a 3.5% rate.

She needs $250,000 for renovations and debt consolidation but doesn’t want to refinance and lose her low rate.

With the Second Loan, she secures the $250,000 she needs as a lump sum, avoids monthly payments on the second loan, and keeps her first mortgage unchanged.

This lets her access equity without disrupting her monthly cash flow or pressuring her financially.

She can now enjoy the delights of remodeling and the great feeling of financial freedom.

Q & A's

Can I qualify if I have a first mortgage?
Of course, keep your current low-rate mortgage.
What happens if I sell my home?
When the home is sold, the proceeds will first go toward repaying the loans. Any remaining equity will be yours as normal.
How does Second loan differ from a HELOC?
Unlike a HELOC, the Second loan has no repayment term, no adjustable interest rates and doesn’t require monthly payments.
Is there a prepayment penalty?
No, you can pay off the loan at any time without penalties.
What costs are associated with Second Mortgage?
Normal closing costs apply.
Can the funds be used for any purpose?
Yes, you can use the funds for anything you want, from debt to home repairs or medical expenses.
How is the loan amount determined?
The loan amount depends on your age, the value of your home, and the balance of your first mortgage.
How old do I need to be?
55 years or older.