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Second MortgageA second mortgage is a fixed rate, simple interest loan which is placed in second position on your property title, and does not affect the terms of your first mortgage. There is no equity required for a second mortgage. You can get a loan up to 125% of the value of your home. Make home improvements, pay off bills or get cash out to use for any purpose. Second mortgages provide a tax deductible source to consolidate your debts into one lower monthly payment. Consolidating all of your bills into one fixed rate mortgage will save you at least three times more than paying your credit cards with high compound interest. Apply now and start saving money | |||||
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