Every financial institution has its own process for applying for a second home mortgage. However, there are a few general steps to follow: Each lender has unique criteria when approving a loan ...

Refinancing a second mortgage — like a home equity loan or home equity line of credit (HELOC) — is a popular way for many to get a lower interest rate. A second mortgage is simply an ...

In September, 30-year rates saw a historic plunge —sinking to a two-year low of 5.89%. The current average is now over a ...

Mortgage rates have dipped again, after surging almost every day last week and notching a 10-month high. Rates fell for many ...

The top five banks had a combined second-lien loan volume of more than $95 billion at the end of December 2024.