Second Mortgage Information

	Since you began making mortgage payments on your current house, you have been building equity.  What this means is that that the value of your investment is increasing with each payment that you make.  You can take advantage of this growing equity by using it to take out a second mortgage or secure a line of credit.  Follow our application process to fully utilize your investment.  Even if your credit is less than perfect, we have a program that suits your needs. We have carefully designed our application process to be easy to use and quick to complete.  In order to start the application you will need to login into our system.  We do this just in case we get disconnected or you choose to finish the application later you will be able to re-enter right where you left off without losing information.  eHomeCredit uses the highest levels of security available over the Internet to ensure that all of your data is safe and secure. Click here for details concerning security. When you are ready to apply click here to get started!  The entire process usually lasts approximately 15 minutes and we will contact you promptly via email to let you know that we have received your application. For specific questions concerning a loan to purchase a new house, go to our FAQ		SECOND MORTGAGES A second mortgage is a loan used to get cash by borrowing against the equity in your home.  eHomeCredit currently offers fixed rate second mortgages which means that the payments are fixed during the life of the loan.  Upon origination of the loan, you will receive funds in a single lump sum payment. HOME EQUITY LOAN A Home Equity Loan is a line of credit secured by the equity in your home. Basically you are using your house as collateral for your loan.  This allows you availability to funds as you need them, much like a credit card. Your "credit limit" would be equal to the maximum limit on your Home Equity Loan. PreQualify for your second mortgage. Apply Now Begin the application process.