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Posted on Oct 4 2018 - 2:35pm by Admin
Comments Off on 3 Good Reasons to Apply for a Second Mortgage

Whether you are thinking of making home improvements or simply want to avoid paying for private mortgage insurance, it’s possible that you, like many Utah residents, have thought of applying for a second home loan. A second mortgage taps into your home’s equity, which typically grows over time. But does it make financial sense to apply for a second mortgage instead of considering other loan options? Here are three reasons it does. 1. You qualify for a larger amount When applying for a second loan, you could get approved for a significantly...