NSW Mortgage Corp Blog

Day: May 14, 2018

Hidden Downside of Second Mortgages
Financial Tips

Hidden Downside of Second Mortgages

A second mortgage is also tax-deductible.  It has a simple and fast loan approval-which can be as fast as 24 hours or less. If you want to find some extra cash, get a second mortgage to tap into your home’s value. The amount of loan depends on the amount of ownership or “equity” you built up on your property over the years.