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Property Type

Refinance 2nd Mortgage

Refinance 2nd Mortgage . A 2nd mortgage is typically taken out to help make the down payment, pay insurance, closing costs and other expenses that can.t be covered by the main mortgage because of the loan to value ratio. Refinancing that 2nd mortgage can be a good option for unexpected expenses such as home improvements, and may be the only option if the original loan hasn.t been paid down sufficiently for refinancing.