Key moments in life when a second mortgage can help

Key moments in life when a second mortgage can help

Life has many financial ups and downs, and people are sometimes prepared for them, while at other times these changes are unexpected. Home equity is a significant economic asset, whether it is used to fund renovations, business, emergencies, or debt consolidation. The second mortgage allows the homeowner to use equity without paying off the first mortgage, providing an easy, quick source of capital even when conventional lending may not work. So…