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    Secured Loan or Bigger Mortgage

    April 20th, 2009 by bujes.marketing

    If you do not know what to do when facing a need for additional money and at the same time at the brink of facing a transfer to a new home, then you can choose in getting a secured loan or a bigger mortgage. A secured loan is known as a second mortgage. The bigger mortgage can cover the entire costs of your new home. More lenders will be more willing to give out second mortgages so it will be easier for them to apply and get them. This is because they would not be able to give out as much money as they would if they were to grant you a full mortgage.

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