HomeSafe Second loans you a portion of your home equity as a second mortgage. You receive these funds via a lump sum and are not required to make an additional monthly mortgage payment on this cash.*
*The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.