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| Second Mortgage |
second mortgage second mortgage - search over 4,000 sources of business financing, free. second mortgages - an important commercial real estate tool. commercial second mortgages are normally used infirst loan. typically the second mortgage will have a term of no less than five (5) years with interest only payments. while second mortgages can be critical in some situations, you must carefullyervice both loans. there are many clear advantages to this type of creative financing. the most frequent use is a second mortgage that reduces the ltv (loan to value) of the first loan in order toualify for the loan. an example would be where the primary lender (first mortgage holder will only lend 70% ltv and you only have a 20% down payment. a second mortgage can be used to make up theety of options available to you such as: interest only payments, annual payments, exit fees, etc. that will help keep your immediate payments down and defer the costs of the second mortage. the ideatime to appreciate and thereby allow you to refinance and consolidate both the first and second mortgages at a later date at a then lower ltv. second mortgage, is that what you are looking for? if so, select a funding category to learn about all the capital programs available to you: businessfinance.com last updated: 12/3/2005 "committee work is like a soft chair - easy to get into but hard to get
http://www.businessfinance.com/second-mortgage.htm - 3k
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http://www.businessfinance.com/second-mortgage.htm
2005-12-03 15:52:01
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