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Second or second charge mortgages – Gocompare.com – A second mortgage is a secured loan which uses the borrower’s home as security. They are sometimes used to raise money if borrowers are unable or unwilling to remortgage, or to get an unsecured personal loan. To get a second mortgage you have to already be a homeowner, but you don’t need to live in the property.
what’s needed to refinance a mortgage Facing retirement with parent student loans? Transfer them to the kids – Should I take a $50,000 distribution from my 401(k) to pay down my $146,000 parent Plus college loan and then try to.