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A second mortgage, not unlike a primary mortgage, can serve as an excellent funding source for those who know how to navigate the process. From consolidating debts to buying additional investment properties, second mortgages can cover a wide variety of expenses that would otherwise be too expensive for most homeowners.
What many don’t realize, however, is that a second mortgage doesn’t need to originate from a primary residence. It is entirely possible to take out a second mortgage on investment property assets. While the process and qualifications are slightly different, using a second mortgage on rental property assets can be a great alternative funding source.
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