TMG Mortgages has launched a Prime 2nd Mortgage Program!
This program can be used as a standalone closed ended 2nd or as a piggyback loan.
This program is PERFECT for borrowers looking to take cash out of their home but don’t want to refinance their 1st mortgage due to having a low rate locked in.
We offer this program in both Full Doc and Bank Statement!
- Primary, 2nd homes and investment properties
- Single-family homes and condos ONLY
- Up to 90% CLTV (Primary Residence)
- Up to 85% CLTV (Second Home & Investment Properties)
- Min 660 FICO
- No reserves needed
- Full Doc or Bank Statements allowed!
- Loan amount $75K – $350K
- Max DTI 50%
- No closing in an LLC
Property can NOT be listed for sale by borrower in the last 12-months
