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If you own a home and need a large sum of money to pay for an important project, then the equity in your home can be put to good use by obtaining a second mortgage. Second mortgages are secured loans that are taken after the first, or primary, mortgage. The amount of funds available to [...]

While remortgaging their home might prove to be a profitable path for some, for many it is only done out of necessity, and it needs to be reminded that a second mortgage interest rate is likely to be higher than the equivalent rate on a standard mortgage. Those contemplating an interest only mortgage in addition [...]