2nd Mortgages to 100% LTV

Alliance Mortgage is offering second mortgage loans that allow you to borrow up to 100 % of the value of your home. These loan programs can piggyback your first mortgage. Now you  can eliminate your bills, pay college tuition, buy a new vehicle, do home repairs, or just take a much deserved vacation. A minimum of 600 fico scores, fully documented income and six months in the property is required for any second mortgage program. Stated income income borrowers need 640 fico scores.

Why use a second mortgage?

Think of a second mortgage as the low cost fast way to gain financial stability and utilize the equity locked in your home and put it to active use.  After all the equity is not doing anything for you by itself, unless you sell the home. A second mortgage can provide an easy means to eliminate your consumer debt, and make a single monthly payment at a far lower interest rate.  Use it for home improvement or a vacation. It's your choice. After all its tax deductible while the consumer debt is not.

• Pay off credit card debt and taxes.
• Consolidate monthly bills into one affordable payment.
• Clear up medical expenses and bills.
• Get those needed home repairs and improvements
• Landscape and enhance your property.
• Buy another property or second home.
• Invest in mutual funds, stocks or market securities.
• Purchase a useful vehicle you needed.
• Satisfy college tuition needs.

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