Fixed Mortgages

Fixed Rate Second Mortgage*

A fixed rate second mortgage is another loan taken against a property that is already mortgaged. This is a closed end loan where you can borrow against the equity of the home up to $150,000.

Fixed Rate Second Mortgage* - Borrow against the equity of your home.

  • Closed end second mortgage
  • Owner occupied primary residence or second home
  • Maximum loan amount is $150,000
  • Minimum loan amount is $25,000
  • Payment terms up to 20 years**
  • Lender credit towards closing costs
  • No origination fee
  • No application fee
  • Closed end loan, not a revolving credit line

*Must have First Lien to qualify for 2nd Mortgage Lien.

*APR = Annual Percentage Rate. Rate of 7.50% – APR: 7.73% is effective as of 1/31/19 and can change without notice. Actual rates based on credit history. Based on a loan amount of $50,000, the principle & interest payment is $402.80. This payment does not include applicable taxes and insurance.

Mortgage loans available in AL, FL, LA & MS.

Rates subject to change without notice.