Question:

Are there no cost second mortgage loans?

Answer:

There could be no cost second mortgage loans, only that you have to search a little more for one. There are lenders on the web that are ready to offer you a no-cost first or second mortgage. Or, you may do better if you look for a no-cost home equity line of credit instead of a no cost second. Essentially, they are one and the same thing.

If you can't find a no-cost second mortgage on your own, using the internet, try using a mortgage broker. They may be very useful for locating special mortgage products as the no cost second mortgage loans. A mortgage broker has access to a great variety of loans, so they will be able to locate a no-cost second in no time.

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