Selected articles for topic: 2nd mortgage rates and terms
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Second Bond (Further Mortgage Bond)
A second mortgage bond typically refers to a secured mortgage loan that is subordinate to another loan against the same property.
In real estate, a property can have multiple mortgage bonds or liens against it. Second bonds are called subordinate because, if the mortgage loan goes into default, the first mortgage gets paid off first before the second mortgage. Thus, second bonds are riskier for lenders and generally come with a higher interest rate...
Home Affordable Refinance Program (HARP) : Fannie Mae
Home > Refinance
Home Affordable Refinance Program (HARP)
The government's Home Affordable Refinance Program (HARP) has been expanded to help more homeowners qualify to refinance their mortgage. Even those with little or no equity available may take advantage of low interest rates and other refinancing benefits.
"Whether you're looking to refinance a property you live in, or an investment...
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