Second mortgages can be a useful tool for a client interest in a home equity second lien or a home purchase transaction. Not all mortgage lenders can offer second liens in Texas however Efinity Mortgage is equipped to offer Second liens for many reasons including those listed below.


  • Down payments as low as 3.5%

  • Lower credit score accepted

  • Flexible qualification guidelines

  • Fixed-rate and adjustable-rate loan options

  • Refinance up to 96.5% current home value

  • Cash out and debt consolidation financing

Second Mortgages Are A Great Idea For:

  • Avoid or limit your down payment

  • Avoid Private Mortgage Insurance (PMI)

  • Qualify for a better rate on your primary first lien

  • If you are selling a home you can use a second lien as a buffer until you sell your prior residence and then pay off the second lien and be left with a low rate first lien.

  • It may provide the only way to finance the home under the payment terms you wish

Second Mortgage Opportunities

  • Home Equity loan to consolidate debts or get cash

  • Home Equity Line of Credit (Completely different than a home equity loan)

  • Home Improvement

Second Mortgage Advantages

  • Many are on 30 year fixed rate mortgages

  • Some may have a shorter term like 15 or 10 years

  • Many are on balloon notes like a 30 year fixed mortgage due in 15 years

  • Some have adjustable rate terms

  • Some may have interest only terms

  • Due to the inherent risk for the second lien lender, second mortgages typically have rates 1% to 4% higher than first lien rates.

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Regulated by the Division of Real Estate (Colorado). Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. AZ

Efintiy Home Loans


1901 Central Drive Ste 612, Bedford, TX 76021 |  (817) 581-8878  |

NMLS #1043983