A second mortgage is a form of consumer credit that involves borrowers getting a small loan to pay it over monthly installments for urgent cash injection. It is useful for home renovation, down payment for another property or paying for an expensive purchase. This infographic from SPV Mortgages has more info on this. Here is part 1.

A second mortgage is a form of consumer credit that involves borrowers getting a small loan to pay it over monthly installments for urgent cash injection. It is useful for home renovation, down payment for another property or paying for an expensive purchase. This infographic from SPV Mortgages has more info on this. Check back for part 2.