HomeSafe Second Mortgage
What is a HomeSafe Second?
What is a HomeSafe Second?
The HomeSafe Second is a fixed-rate second mortgage that allows you to tap a portion of your homes equity with no change to your existing first-lien mortgage and no additional monthly mortgage payment required.
You can use the funds to:
- Payoff higher interest rate credit cards.
- Buy a second home
- Cover rising costs at the pump, grocery store, utilities or taxes.
- Fund long-term care, rising medical expenses or emergencies.
- Pay for home improvements.
- Fund a vacation.
Borrower minimum requirements:
- Must be 55+
- Must be current on your first mortgage.
- Property must be your primary residence.
- Minimum fico of 640
- Must maintain the property and be up-to-date on property taxes, insurance, and any HOA fees.
Contact me today to learn more or for an assessment of your unique situation.