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 Apply Now Mortgage Loan Resources - Handy Guides to the Home Buying Experience Step by Step Mortgage Guide A Roadmap to Buying Your Home Understanding the Documents Monthly Budget Closing Disclosure Sample Home Maintenance Worksheet Mortgage Shopping Tips Roles and Responsibilities Owning a Home Loan Estimate Explanation Closing Checklist Know Before You Owe *Must have First Lien to qualify for 2nd Mortgage Lien. **Assuming a credit score greater than 719, a $50,000.00 loan amount for a 20 year term, the payment at 6.0% interest would be $358.22 with an APR of 6.2266%. Mortgage loans available in AL, FL, LA & MS. Rates subject to change without notice.