🏠💼 Demystifying Second Mortgages: What You Need to Know! 💰✨ 🙋‍♀️🙋‍♂️ Curious about second mortgages? Let's break it down for you! A second mortgage is an additional loan secured by your home, on top of your primary mortgage. It allows you to access the equity you've built up over time. Here's what you should know: 1️⃣ Purpose: Second mortgages can be used for various purposes, such as home renovations, debt consolidation, educational expenses, or investments. It provides an additional sourc
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What to know before buying an additional property… Yes, you can buy a second home, but there are extra costs. Lenders will check you can afford both mortgages comfortably. Plan your cash flow carefully and factor in all the extras. Owning two homes means managing two sets of commitments. Your home may be repossessed if you do not keep up repayments on your mortgage. | A Niche Mortgages
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