How to Get a 2nd Mortgage with Bad Credit
Qualifying for 2nd mortgages with bad credit isn’t an easy thing to do, but it can be done. It actually may improve one’s poor credit to get a second mortgage. However, one must understand that a second, or junior, mortgage always has a higher interest rate than its predecessor, and having bad credit can raise it more. Because one is adding more debt to his already overtaxed load, he is more of a risk to a lender, and if he...
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