The Finance Advice

Using a Second Mortgage or Equity Loan To Attain Your Commercial Property Goals

A commercial second mortgage is an important commercial real estate tool. Commercial second mortgages are often used in conjunction with a new first commercial mortgage loan. Typically, the commercial second mortgage will have a term of one to five years with interest only payments. While commercial second mortgages can be critical in some financing scenarios, consideration must be given as to whether or not you have the ability to service both loans.

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Posted in Finance on November 16th, 2008
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When navigating through the mortgage market, a seasoned mortgage professional can guide you.

Home buyers are sometimes faced with special needs when purchasing or refinancing their home. A second mortgage can sometimes help in these instances. A second mortgage is a registered lien on your property. This lien is in second place, behind the first mortgage. Because second mortgages are riskier, the interest rates are usually a minimum of 10-12%. A new second mortgage can be used to purchase a home or to refinance an existing home. If refinancing, the new second mortgage can be used for a variety of things:

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Posted in Finance on August 18th, 2008
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