A Closed-End Second Mortgage is a fixed-rate home loan that sits in second position behind your existing first mortgage. It allows you to access your home’s equity without altering the terms or interest rate of your current first loan. Borrowers receive the full loan amount upfront as a one-time lump sum, with predictable monthly payments over a set repayment term. This product is often used for home renovations, debt consolidation, investment opportunities, or other major expenses while preserving the low rate on a primary mortgage.
Information shown is for general reference and may vary by borrower qualifications and program terms. This is not a commitment to lend. Contact us for full loan details and eligibility requirements.
