Those who own homes, who find the need for money, may find out most of the time that all of their equity is actually locked up in the property they own. When this happens, homeowners can use second mortgages, a kind of mortgage that allows homeowners to tap into the equity that tied into their property. It can even give potential home owners the opportunity they need to bridge the gap needed to complete a downpayment for the new home.
via usnewstoday.info
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