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1st 2nd Loan Mortgage RefinanceConfused between 1st 2nd Loan Mortgage Refinance and what they really mean to you? Think of it like the banks queuing up to fight over your money if the repossess your house.
The 1st mortgage lender gets first chance to clear what’s owed to them
The other MAJOR FACTOR of a secured loan is that they can force you to sell your house through repossession via court orders if you don’t pay. Unsecured loans don’t risk your house to pay the debt. They will take you to court using county court judgements, IVA’s and bankruptcy however your home remains safe. Remember - Your house is at risk from 1st or 2nd Mortgage Lenders if you don’t pay. End of Story!!! Use the calculators, debt reduction and credit card reduction strategies to lower debt before things get to the stage of repossession. Back to top of 1st 2nd Loan Mortgage Refinance Return to home www.key-mortgage-secrets-revealed.com
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The second mortgage lender has second chance.
Then third, etc (although this is rare)
Credit card, store cards and your bills line up after all these.
