Ask Terry Questions Second mortgage

Second mortgage

By Terry Savage on February 22, 2024 | Housing / Real Estate

We have a 30 year mortgage and have been holding a second mortgage for 20 of these 30 years.
Can we get rid of it? It’s held through a different lender.
Thank you.

Terry Says

Sure,why pay interest on two mortgages. If you have the cash, and if it won’t leave you broke, contact the mortgage servicer and ask for the payoff amount.



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