Second Mortgage Loans Are Cool for Debt Consolidation and Cash Out
| With the refinance boom officially over, second | 2nd mortgages and home equity loans will be the loans | |||
| mortgage loans are cooler than ever. Many | of choice for the next few years. Anyone who has a | |||
| homeowners have been blessed with low interest rate | 30-year fixed rate loan at under 6% should keep their | |||
| first mortgage loans that they want to keep. The need | existing loan in tact and take out a second loan on their | |||
| for cash did not disappear with the refinance boom, so | home if they need cash. |