Quick highlights
- Fixed rate and fixed monthly payment
- Lump-sum disbursement at closing
- Keep your existing first mortgage
- Terms typically 5-30 years
- Often easier to qualify than refi
- Predictable budgeting
Best for:
Homeowners with a low first-mortgage rate who need a specific lump sum (renovation, debt consolidation, college tuition) and want fixed payments rather than HELOC variability.
Ready to see what you qualify for?
Every situation is different. Let's talk through your specific scenario and shop it across our lender network for the best terms.