Rising Home Values Make Second Mortgages More Attractive. Know the Risks Before You Borrow

Time magazine, Aug. 9, 2022–Kat Tretina
Many mortgage holders are in a good position as they hold onto record-high accessible equity. Many are considering using second mortgages, a home equity loan or a HELOC to finance home renovations, pay for a child’s college education or consolidate debt. By understanding the nuances of a home equity loan or HELOCs, and what it means to have a second mortgage, you can make an informed borrowing decision.
https://time.com/nextadvisor/loans/home-equity/second-mortgage-vs-home-equity-loan/