Five Star - 2nd Mortgage

Five Star Mortgage, LLC
2280 Satellite Blvd.
Duluth, GA 30097

OFFICE 770.495.3516
FAX 770.495.3528

Second Mortgage.
A second mortgage is just what it says....a mortgage against your property that takes a 2nd position to the 1st mortgage. This can be a "stand alone" second mortgage which means it was taken out after you purchased your home or a purchase money second mortgage meaning it was obtained at the time you purchased your home and used as part of the down payment.

The second mortgage can actually go as high as 125% of the appraised value of your property and can utilize a fixed rate, adjustable rate or interest only loan program.

The advantage to a second mortgage is that the interest you pay is tax deductible up to a 100% Loan to Value ratio. Most second mortgages, if not used as a purchase second, are commonly used to purchase automobiles, for home improvement projects or to consolidate debt.

No matter what your situation may be, 1st time home buyer, newly found financial flexibility, we can come up with a number of ways to accomplish your goals and we won't limit your options like some do.

We utilize the latest technology to make the process run very smoothly for you -- resulting in quick turnaround to capture your best possible rate.

Go ahead and try us out. You'll find a local company offering the most competitive rates in today's hot Atlanta real estate market.

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