Closed End Second Loans enable you to tap into your home’s equity with a second-lien mortgage. These loans often feature fixed terms and rates, giving you predictable payments over the life of the loan. This program caters to borrowers who need funds for renovations, debt consolidation, or other financial goals – all while keeping their existing first mortgage intact. With a minimum FICO of 660 and up to 90% combined loan-to-value (CLTV), this product offers a competitive way to leverage your home’s equity. Cash-out can even be used to satisfy reserve requirements.