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[30 Jun 2022 | No Comment | 2,326 views]
Is Refinancing With Bad Credit the Same as a Second Mortgage

A second mortgage is a type of loan which is secured against the same assets as the first mortgage (e.g. your house) but which is based on the equity accumulated within the property. Though difficult to qualify for a mortgage with bad credit, second mortgages may be the answer for some borrowers looking to improve their credit scores while taking out a loan and making timely payments on that loan.