Home loans

Second
mortgage.

Borrow against your equity and keep your first mortgage.

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The program

Put your equity to work. Keep your first mortgage.

A second mortgage is a loan secured by your home that sits behind your first mortgage. It lets you borrow against your equity without refinancing the loan you already have, which matters when your first mortgage has a rate you want to keep.

There are two kinds: a home equity loan, paid out as one lump sum, and a home equity line of credit (HELOC), which you draw from as you need it. Vadim helps you choose, and compares lenders for both.

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What to know

Four things to know about second mortgages.

  1. 01

    Lump sum or line

    A home equity loan pays out once. A HELOC works like a credit line you draw from over time.

  2. 02

    Rates can differ

    Home equity loans often have fixed rates. HELOCs are usually variable.

  3. 03

    Your home secures it

    Like your first mortgage, the loan is secured by your home.

  4. 04

    How much you can borrow

    Lenders look at your home’s value and what you still owe on it.

Working with Vadim

One broker, from the first call to the keys.

  1. Talk it through

    A call about your plans, your numbers and your timeline.

  2. Apply once

    One application and one credit check, while Vadim looks at several lenders.

  3. Vadim shops the loan

    As a broker, he compares loans from multiple lenders and brings you the options.

  4. Close

    He stays with you through underwriting, the appraisal and closing.

Loan programs

Nine ways to buy or refinance a home.

Buying your first home, refinancing the one you have, or borrowing against it. Investing instead? See the investor loans.

For homebuyers

Buying or refinancing a home

Owner-occupied loans

Ask about home loans
09Programs
  1. ConventionalA standard mortgage that isn’t backed by the government.
  2. FHAInsured by the FHA, with flexible credit guidelines.
  3. VAFor eligible veterans, service members and surviving spouses.
  4. USDAFor eligible homes in rural and some suburban areas.
  5. JumboFor loan amounts above the conforming limit.
  6. RefinanceChange your rate or term, or take cash out.
  7. Second MortgageBorrow against your equity and keep your first mortgage.
  8. RenovationBuy or refinance and fund the renovation in one loan.
  9. Down Payment AssistancePrograms that can help cover your down payment.