Simultaneous Seconds Mortgage

Simultaneous Seconds is originated and closed in conjunction with your first mortgage, which brings you the benefits of just one loan processing and closing. Your monthly payment will be lower than it would be with a single, larger first mortgage because there is no private mortgage insurance required.

Key Features

• High loan-to-value ratios for both purchase and refinances are available.
• No borrower-paid mortgage insurance is required.
• There is no minimum loan amount.
• Second mortgage terms available include 15-year or a 30-year-due-in-15 balloon.
• No separate escrow deposit is required for the second mortgage.