Harder to get long term fixed loans. Loans may have prepayment penalties. Pay interest only on what you borrow. Flexible access to funds. Interest may be tax deductible.
Payments can change.
Harder to refinance your first mortgage. Interest may be tax deductible. Harder to refinance your first mortgage. We understand the mortgage business, and can offer you professional guidance in obtaining your mortgage. Talk to a mortgage professional , and allow us to suggest a loan that will fit your needs and budget.