Second Mortgages

Home Equity Line of Credit (HELOC)
If you need to borrow money, home equity lines may be one useful source of credit. Initially at least, they may provide you with large amounts of cash at relatively low interest rates and they may provide you with certain tax advantages unavailable with other kinds of loans.

Length of Your Second Mortgage
Some second mortgage loans may extend for as long as 15 or 20 years; others may require repayment in one year.

Second Mortgage Payment Calculator
Be sure you understand how much your monthly payments will be and what they cover.

Second Mortgage Costs
We will charge a fee for lending you money. The fee is usually a percentage of the loan and is sometimes referred to as "points."

Second Mortgage Rates
If you have a fixed rate loan, the interest rate is set for the life of the loan. However, many companies offer variable rate mortgages, also known as adjustable rate mortgages or ARMs.


 Barrett Financial Group, LLC. All rights reserved.
Privacy Policy | Preventing Identity Theft

Credit Bureaus: Experian | Equifax | TransUnion

 ehl 


Barrett Financial Group, L.L.C.
2168 E. Williams Field Rd., Suite 245
Gilbert, AZ 85295

(480) 459-4500 | Fax  (800) 385-3630
loans@barrettfinancial.com

NMLS #181106
AZ MB - 0904774
Loans made or arranged pursuant to Finance Lenders Law License CA 60DBO 46052
Equal Housing Lender.

 


 Barrett Financial Group, LLC. All rights reserved.
Privacy Policy | Preventing Identity Theft

Credit Bureaus: Experian | Equifax | TransUnion

 ehl 


Barrett Financial Group, L.L.C.
2168 E. Williams Field Rd., Suite 245
Gilbert, AZ 85295

(480) 459-4500 | Fax  (800) 385-3630
loans@barrettfinancial.com

NMLS #181106
AZ MB - 0904774
Loans made or arranged pursuant to Finance Lenders Law License CA 60DBO 46052
Equal Housing Lender.