Tap into the equity you’ve built up in your home with a 2nd mortgage. At Avanti Lending, we help our clients access extra money to cover their expenses by taking out an additional mortgage.
What is a Second Mortgage?
This type of loan allows homeowners to borrow against the equity built up in their home and turn their liquid assets into cash that can be used for various reasons. Homeowners might use a second mortgage for major expenses, such as home improvements, college tuition, or consolidating debt.
Having a second mortgage can also mean you have access to tax deductions on the interest and home-related repairs or improvements.
The Benefits of a 2nd Mortgage
With a second mortgage you will have access to benefits like:
- Access to large sums of money for major expenses or emergencies
- Potential tax deductions for home-related expenses
- Lower interest rates compared to personal loans
Requirements For Applying for a Second Mortgage
To apply for a second mortgage, lenders typically require you to meet certain criteria to ensure your ability to repay the loan. Here are the common requirements:
- Strong Credit Score
- Proof of Income
- Appraisal of Property
- Clear purpose for funds
Get a Second Mortgage in Weston, Florida
Get access to additional money with a second mortgage from trusted mortgage experts at Avanti Lending. Contact us at (954) 440-6274 to start your home mortgage with us.
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