A closed-end second mortgage is a type of home loan that allows homeowners to borrow against their home's equity while ...

Every financial institution has its own process for applying for a second home mortgage. However, there are a few general steps to follow: Each lender has unique criteria when approving a loan ...

Self-employed and interested in tapping into your home's equity with a second mortgage? A bank statement loan can help you bypass traditional tax return requirements, which can muddle the reality ...

A collateral loan is secured by something with significant value in case you default. This lowers the risk for the lender.