State you are a citizen who isn’t planning to contact your own 3% first-mortgage rate, however you need currency to have X.
What is the difference between a fixed-speed second mortgage, also called house collateral mortgage or HELOAN, and you will a property collateral line of credit, or HELOC?
In both cases, the fresh new lien is during 2nd reputation at the rear of a primary financial. (We are going to prompt customers one to Ca calls the first financial a deed out-of believe.)