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2. What is a second mortgage, and how does it work? - AOL

   www.aol.com/finance/second-mortgage-does...

   To apply for a second mortgage, you must meet the following requirements: Own at least 15 to 20% of the home outright Have a remaining balance on your current mortgage that’s less than 85% of ...

3. How to refinance when you have a second mortgage - AOL

   www.aol.com/finance/refinance-second-mortgage...

   A second mortgage is simply an additional loan a mortgage-holder takes out, using their home as collateral. The equity you have in your home backs the new loan.

4. Second mortgage - Wikipedia

   en.wikipedia.org/wiki/Second_mortgage

   The application fee is charged to potential borrowers for processing the second mortgage application. This fee varies between lenders and is typically non-refundable. The origination fee is charged at the lender's discretion and is associated with the costs of processing, underwriting and funding the second mortgage. [ 37 ]

5. Home equity loan - Wikipedia

   en.wikipedia.org/wiki/Home_equity_loan

   Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are usually, but not always, for a shorter term than first mortgages. Home equity loan can be used as a person's main mortgage in place of a traditional mortgage.

6. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

7. Should you apply for a mortgage online? - AOL

   www.aol.com/finance/apply-mortgage-online...

   Many will allow you to get a mortgage rate quote online before you apply. Keep in mind that rates change daily, and your credit score can take a hit if there are several inquiries beyond a 45-day ...