by Lee Wyatt
(last updated July 11, 2014)
Getting a second mortgage is a popular choice among many homeowners for dealing with financial troubles. As the reasoning goes, if you have a little equity built up in your home, and you face mounting bills, why not take advantage of the one to fix the other. While this may make sense to many people, it doesn't mean that it is the best possible solution. Getting a second mortgage is a huge step that needs to be carefully thought through before it is undertaken.
Here are a few simple guidelines that are designed to help guide you through the process of getting a second mortgage. As you read through these guidelines, write down your answers on a separate piece of paper. By the time you have finished, you will know not only whether you have found the best possible second mortgage, but whether you even need one at all.
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