This closed-end second lien gives clients full access to their funds at closing, so they can move on renovations, debt consolidation, or investments right away, while keeping the rate and terms of the first mortgage they already have.

Key Features

• Keep the existing first mortgage in place
• Full disbursement at closing
• Available for primary residences, second homes, and investment properties
• Flexible income documentation, including Full Doc, 1099, and Bank Statement options
• High CLTV allowances
• Flexible amortization terms
• Manual underwriting focused on the borrower’s ability to repay

A versatile solution for clients who need fast access to equity without giving up the first loan they worked hard to get.