How to Refinance a 2nd Mortgage
Crestline Funding helps borrowers who want to refinance a 2nd mortgage by offering industry-leading mortgage rates. Crestline Funding is a direct lender that creates its own lending and loan approval criteria and tailors loans specific to each borrower’s individual needs. Crestline Funding’s direct-lender status allows us to work with borrowers regardless for their credit history.
What is a 2nd Mortgage?
A second mortgage is an efficient way for homeowners to utilize the value of their homes to gain financial stability. The capital generated by a second mortgage can work to increase the value of the home through improvements, pay for medical bills, or almost any other critical financial outlay. Just like a primary mortgage homeowners who wish to save money or change their monthly payment can refinance a 2nd mortgage through Crestline Funding.
Why Should Borrowers Refinance a 2nd Mortgage?
There are various factors to be considered when deciding whether to refinance a 2nd mortgage. Here’s a list of potential benefits:
• Save money through Crestline Funding’s low refinance 2nd mortgage rates
• Combine two or more mortgages into one low payment
• Lower monthly payments
• Get a lower refinance 2nd mortgage rate
• Change loan terms to match current financial situation
• Get a fixed rate
• Pay off private mortgage insurance (PMI)
Many borrowers wish to refinance a 2nd mortgage because 2nd mortgage rates tend to be higher than first mortgages. It is customary for lenders to give higher 2nd mortgage rates because they work under the assumption that if a borrower has financial difficulties they will first allocate their funds to their 1st mortgage. Homeowners looking to refinance a 2nd mortgage should come to Crestline Funding because as a direct lender, Crestline Funding has greater flexibility when making refinance 2nd mortgage decisions and the freedom to offer lower rates than larger financial institutions.
Crestline Funding – Your Friend in the Mortgage Business
Whether potential borrowers are interested in refinance 2nd mortgage or being approved for their first home loan, Crestline Funding has been helping individuals and families purchase the homes of their dreams for well over 15 years. Crestline Funding has earned the reputation as “Your Friend in the Mortgage Business” not just by saving people money through low interest rates but by providing excellent customer service, earning an A+ Rating from the Better Business Bureau. Crestline Funding has an impeccable record for honest lending practices and attention to detail. Crestline Funding’s low refinance 2nd mortgage rates may be the reason people come to us initially, but excellent customer service and attention to detail has earned Crestline Funding thousands of referrals.
Ready to experience the Crestline Funding difference and take advantage of our low refinance mortgage rates?
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or Call 949-863-8600