Second Mortgage

Home Equity Loans and HELOC

Second mortgage typically refers to a secured mortgage that is subordinate to another on the same property. A property can have multiple liens against it. The order they are recorded are the order of their positions with the exception of tax liens. A tax lien will trump all liens on a property. We offer both Home Equity Loans and a HELOC.

  • Home Equity Loan: A home equity loan can be a great way to consolidate debt or pay for major expenses. The product offers a fixed rate, a steady repayment schedule, and potential tax advantages. A fixed rate with a predictable monthly payment can help you budget as you work toward your financial goals.
  • HELOC: This mortgage lets you use the equity in your home on a “as needed” basis. By borrowers funds against your homes equity when you need it, a HELOC can be an ideal product if your paying for a major expense or simply want to have quick access to emergency funds.

Fairfield Home Loans, LLC

170 Mason Street, Suite 101, Greenwich, Connecticut 06830

Phone (203) 843 7707

Fax (860) 812 2046

NMLS #1707824

(not for use by New York borrowers)