What Motivates Homeowners to Seek Second Mortgages?

First mortgages are a common way to finance the purchase of a residential property. This strategy makes it possible to pay the seller in full and then make a series of installment payments to a lender until the debt is repaid. While some homeowners never look at any additional financing involving the home, others take … Continue reading What Motivates Homeowners to Seek Second Mortgages?