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What is a Second Mortgage?
A second mortgage is a mortgage loan that can be activated based off of the equity you have in your home. A second mortgage is in "second" position to an existing first mortgage or traditional mortgage.

What's the difference between a First and Second Mortgage?
A First Mortgage is a loan that is used for buying a property. Based off of the equity you have in your home, LoanOwl can issue you a second mortgage. A Second Mortgage is a loan that is typically used for large or small expenditures. For example, paying off credit card debt, paying for a child's education, renovations, or making investments.

What are the benefits of a Second Mortgage?
Second Mortgages are a great way to free up cash while maintaining complete ownership of your property. A Second Mortgage allows you to unlock the appreciation in value, and the equity you've built in your home.

LoanOwl loans money!

Is a Second Mortgage right for me?
There are literately unlimited reasons why a Second Mortgage could be right for you. From paying off unexpected expenses, starting a renovation project, consolidating credit card debt, or taking a much needed vacation; we do not place any limitations on what you do with your loan.

Why should I choose LoanOwl for my Second Mortgage?
We are direct lenders, meaning we approve and service our loans directly. We are committed to providing you with a customized loan for your unique circumstances. Damaged credit, perfect credit, under-employed or fully employed, we will find a loan solution that will work for you.

At what rate do you loan money?
We'll need to get to know your unique situation before we can give you an accurate rate. There is absolutely no obligation so get in touch with us or complete the online application to get started!

What if I've been denied by other lenders?
Because we are local lenders we don't use the same metrics for approving loans as traditional lenders. This allows us to be more flexible and approve more loans.

Play around with our Loan Calculator, get in touch with us, or complete the online application to get started!

Quick 2 minute application.

You'll have your rate within 48 business hours. No obligation!

How much can you borrow?

Loan to Value Ratio:


Home Value ($):
Loan Pool ($):
Mortgage Balance ($):
Available Loan:


(LTV * Home Value) - Mortgage = Loan