2nd Mortgages Explained

 

Imagine a plane, a geometric plane with an infinite number of points. Any two points we select will meet somewhere in their middle. In a similar manner, on this earthly plane with a not-so-infinite number of lenders and borrowers, they all meet each other somewhere in the middle. That is to say, lenders and borrowers agree and enter into a loan transaction that they mutually find agreeable coming from their different perspectives. The various financing options available in the market are those “middles” between the two. One of those “middles” are 2nd Mortgages. Continue Reading 2nd Mortgages Explained.

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