2nd mortage?

Not at adjectives advisable in its indisputable sense!

sometimes a necessity for remodeling.

What is your question exactly? Usually culture get second mortgages to avoid paying PMI. On the flipside, the second mortage can get an interest rate of 11% or more. Also, PMI is now toll deductible, so there is something to consider. Weigh the option, see what works best.

Answers: They're bad, m'kay?

.is for your second house or for your secret wife that you enjoy on the side. She may require a second mortgage. A second mortgage can help you next to lowering the cost of your heating bill too I be told. I don't know exactly how though? I heard you could use a second mortgage to buy another home beside and then you could preserve doing this until you owned a 100 homes, but then prices will collapse and you will owe greatly of money on a useless asset because homes were made to be lived contained by, unless of course you find gold ingots under the home, so I don`t know you should just mortgage yourself to passing in the hopes of striking it rich near gold or grease or something like that, as that pitcher did who plays for the Dodgers. I hope that help.