Florida Second Mortgage

Get A 2nd Mortgage In Florida!

A second mortgage is an outstanding solution for equity rich and cash poor Florida homeowners. Depending upon your first mortgage terms, a second mortgage can be a much better alternative to a traditional Refinance Loan offered by most lenders. If you have home equity and good payment history on your first mortgage, Capital Lending Corp. most likely can help you get a quality second mortgage at a very reasonable rate and payment terms.

Whether you need to get a second mortgage for a kitchen renovation in Lutz, Florida or for a daughter's college tuition and housing in Orlando, Florida you'll find Capital Lending has excellent Florida second mortgage rates and options.

Applying for a 2nd mortgage used to mean a trip into the bank, a wait in the lobby, time spent filling out papers, and a long wait for answers on your mortgage application. If you didn't fit your local banks ideal profile, i.e. lots of cash in the bank, CD's, money market accounts or the "Perfect Credit Score", you simply couldn't get approved.

Times have changed.

It's a lot easier, faster, and more convenient to get a 2nd mortgage, Home Equity loan, or home equity line of credit with Capital Lending. Call one of expert loan professionals today at 1-813-629-1111 or apply for a second mortgage using our secure online Quick Inquiry application.

2nd Mortgage Options: Home Equity Loans vs. Home Equity Lines of Credit

Explore the websites owned by Florida Mortgage Brokers around the state and you'll find that they all advertise how many loan programs they offer. Good news: All their Florida second mortgages fit into two categories: home equity loans or home equity lines of credit.

• Home Equity Loans - The funds for a home equity loan are paid to the borrower in a lump sum. These loans are an ideal second mortgage solution when you don't plan to have to borrow again soon. Home equity loan interest is generally tax deductible. For a recent Largo, Florida borrower, a home equity loan turned out to be a great solution because she avoided a prepayment penalty that refinancing her first mortgage would have triggered and she still got the new bedroom she desperately needed. Capital Lending offers both fixed rate home equity loans and adjustable rate home equity loans.

• Home Equity Lines of Credit - The loan is paid out as the borrower draws upon it. These loans work much like a credit card with a set limit. Interest is still generally tax deductible. A home equity line of credit can be an excellent way to finance college tuition because applicants can borrow funds as needed. These home equity lines of credit generally carry a low annual inactivity fee to encourage borrowers to borrow some of their home equity. Home Equity Lines of credit are a form of adjustable rate mortgage and are generally indexed to the prime rate.

If you're curious about rates or would like to discuss which second mortgage option would be best for your situation, call us at 1-813-629-1111. Despite the drop in Real Estate prices in Tampa, Florida and throughout our state, Florida homeowners who have owned for more than a few years probably live in homes worth more than they owe. In many cases, far more. For these Floridians, a home equity line of credit or home equity loan can be an ideal way to get cash for any purpose.

Capital Lending Corp. Loan Officers have many 2nd mortgage solutions to accomplish your goals. A second mortgage could provide the dollars to renovate your home, payoff Credit cards, payoff student loans, or cope with life's other unexpected obligations. Take the first step. Call us today at 1-813-629-1111.

For a free, no obligation consultation with a friendly Capital Lending home equity loan specialist, call 1-813-629-1111 or apply securely online right now using our Quick Inquiry form for your next Florida second mortgage.