Second Mortgage or Home Equity Loan Info

Hey Joe.. your best bet is to contact a local bank for 2nd mortgages, however since your property is listed for sale, it's going to be tough finding a lender willing to lend in 2nd position for a currently listed home.. Most 2nd mortgages have a pre payment penalty as well... good luck..WilliamAcres.com

I can't speak for Texas, but here in Arizona, if a property is on the market most lenders will not lend on it. Your only real option is probably to do a cash out refinance with a new first mortgage. You will probably have to take the home off the market in order for the property to qualify. Most lenders that would consider this would require 90 days or more off the market, but there may be a couple in Texas with shorter requirements Contact a local Mortgage Banker/Broker, rather than one of the big banks. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, including the kind you need.Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com