A 2nd Mortgage Cash-Out option may help you access equity while keeping your existing first mortgage in place.
If you have a low-rate first mortgage, you may not want to replace it with a new cash-out refinance. A 2nd mortgage cash-out option may help homeowners access available equity while keeping their current first loan in place.
Provident REI Group Inc can review your equity, credit profile, income documentation, property value, and loan purpose to help you explore possible options.
Need Cash Without Refinancing Your First Mortgage?
2nd Mortgage Cash-Out Options
Who This May Help
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Homeowners with available equity
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Borrowers who want to keep their current first mortgage
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Borrowers with a low-rate first mortgage
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Self-employed homeowners
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Borrowers needing funds for business, investment, debt consolidation, or property improvements
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Borrowers who may not fit traditional bank guidelines
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Investment property with DSCR qualification-Â DSCR 2nd available
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Program Highlights
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Up to 85% CLTV ( combined loan to value) for Owner - Occupied
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Up to 75% CLTV for InvestmentÂ
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No income documents required for DSCR 2nd ( Investment property only) ok
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Bank statements or P&L for self - employed ok ( For owner occupied )
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