Skyridge Lending does offer 2nd mortgages but typically local banks or credit unions are better at this product as they can lend with lower costs and a better rate in many cases. We work with several banks and credit unions who we refer these to, depending on what is best for the situation.
In certain cases, the 2nd mortgage is used to accompany a 1st mortgage with a 80/10 or 80/15 to avoid putting 20% down and avoid mortgage insurance or jumbo loan sizes for the first mortgage, depending on total mortgage amount. Click here to compare options.
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