Second Mortgage Loan

Need to borrow money? A second mortgage allows you to pull funds from the equity you’ve earned. There are many options. Contact our team to learn which options is best for you.

  • Piggyback[AT4] (80-15-5)
    Direct Mortgage Loans offers two types of Piggyback loan solutions. A Piggyback mortgage is a combination of two loans that is optimal for borrowers looking to avoid private mortgage insurance, or keep their loan under the conforming limit.

  • HELOC (Home Equity Line of Credit)
    A HELOC Piggyback mortgage would encompass both the first mortgage and a HELOC on the property as a second mortgage lien.

  • Closed End
    Unlike a HELOC, Closed End Piggyback mortgages have specific terms (10 or 30-Years), and a fixed interest rate.

  • Stand Alone HELOC
    Home Equity Lines of Credit (HELOC) give borrowers access to funds up to the equity value of their home.

Let’s Chat

Connect with our team and download the #DMLapp