Whenever split that is doing these terms are generally tossed around: 2nd liens, 2nd mortgages
Separate Financing means utilizing two mortgages to shop for or refinance a home so the total quantity financed is ???split??? up into two loans. a 2nd lien is a home loan that exists behind a primary lien mortgage and it is typically utilized in order to prevent home loan insurance coverage (MI) and/or Jumbo funding.
