Second Mortgage Home Equity

Whether you would like to start a home improvement project, fund an investment opportunity, or would just like to increase your financial flexibility, and liquidity, The Satori Group is a leader in the industry in securing the lowest total cost Home Equity Loans, or second mortgages.  There are many different types of 2nd mortgage products being offered at many different banks.  The advantage of working with The Satori Group is that we shop from our nationwide network of partner banks (including many local community banks) and provide you with the lowest price options.

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The other major benefit of working with The Satori Group is that every one of our qualifying clients receive The Satori Wealth Building System™ (SWBS™) free of charge, allowing them to payoff their homes completely in 7-12 years!

Home Equity Loans (2nd Mortgage) allow you to borrow money against the equity you have in your home. (Equity = Market Value of Your Home - Combined Mortgage Balances). These products are available as a purchase or refinance for primary residence, 2nd home and investment properties, up to 80% combined loan-to-value.¹ Second Mortgage products are generally offered in two different forms: a standard fixed loan and a Home Equity Line of Credit (HELOC). The two loan types are very different and may have very different guidelines for approval, please contact us if you have any specific questions. You would look at a 2nd mortgage when you:

Features

• Want to consolidate consumer debt (credit cards, auto payments, etc…) and you do not want to refinance your current 1st mortgage
• Want to do home improvements
• Want to have a safety net in case of emergencies
• Want to finance an item (automobiles, vacations, business investment, etc.) and want tax deductible interest²

Advantages

• Interest-Only and Fixed payment options
• Tax deductible interest²
• Used to avoid Private Mortgage Insurance (PMI)
• Variable rate Lines of Credit offer fixed rate options - Contact Us For Details
• Flexible features of a Home Equity Line of Credit (HELOC) may allow for accelerated mortgage payoff using the Satori Wealth Building System™ (SWBS™)

Disadvantages

• Harder qualifications than a 1st mortgage
• Higher interest rates than a conventional 1st mortgage
• Must be satisfied at closing for any sale of the property

More answers 

1-Maximum Loan-to-Value is determined by a variety of factors including but not limited to: loan type, credit worthiness, property type and occupancy status. The max loan-to-values listed are not necessarily available for every situation.
2-The Satori Group is not a licensed tax preparer. For questions regarding the amount of mortgage interest that you can deduct, please consult a professional.

Information deemed reliable but, not guaranteed.