Financial Services

What you must know about a second mortgage before you apply for one

Are you planning to take out a second mortgage to buy a second home, pay off debts, or for other financial purposes? Start your search here: and find the information you need to make a smart decision.

While this is a good option for property owners who already have an existing mortgage and substantial equity in their home, it’s not applicable to all borrowers.

Therefore it is highly recommended that you learn more about second mortgages before you apply for one. It’s best to get a better understanding of the financial option you’re getting into to avoid problems.

What is a second mortgage?

As previously mentioned, it is a loan taken out on a property which already has a mortgage. The loan basically uses the same property as security.

The second mortgage as the name suggests is ranked behind the first one.

In the event of a foreclosure, the first mortgage will be paid first before the second.

Say, for instance, you took out a mortgage for $200,000 on your home with Lender A. Then you took out the same loan amount as your second mortgage with Lender B. Because you failed to pay your debt, your property is sold for $350,000.

This means Lender A will be paid in full, while only a portion of your debt with Lender B will be paid. You will have to settle the outstanding balance in other ways.

This is one of the reasons that a second mortgage is harder to find than traditional home loans. But you will find a quick one through this site: at a more affordable rate, complete with professional advice for faster and smarter decisions.

Now all you need to worry about is whether you qualify for this type of loan option.

How do you qualify for a second mortgage?

Because this is often considered a high-risk borrowing option, not everyone may be approved a second mortgage application.

There’s always the possibility that you can only borrow a limited amount or that a lender will refuse to offer the loan option to you.

Still, your chances are high if you get approval from the same lender that financed your first mortgage. Be prepared to pay a fee for an assessment.

Self-employed individuals may be approved for a second mortgage through a private lender only.

How much can you borrow for a second mortgage?

If you apply with the same lender as your first mortgage, you may get up to 95% loan to valuation ratio.

If you apply with a different lender, you get up to 85% loan to value ratio.

The final amount you can borrow largely depends on your specific situation.

Why should you take out a second mortgage?

There are several advantages of doing so:

Access equity in your home that can help free up your cash flow. It’s the best way to benefit from the home equity that has built over time.

Have the opportunity to consolidate your debts and pay them off from the equity in your home. One headache out of the way.

Have the means to pay for home renovations or repairs, whether to increase property value or improve your quality of living.

Moreover, a second mortgage is a better alternative to refinancing because it doesn’t involve exit fees, break costs, and other legal fees.

On that note, check out to help you get started on your second mortgage application.

Financial Services

Stocks and mutual funds, which investment option to choose?

Figuring out how to create investments can be tough. There are a lot of ways to invest your cash in a wide variety of ways. That’s why Truebell has been assisting investors on how to invest in the best stocks in the market.


Some people, however, can get confused with stocks and mutual funds. Each investment option is different and has its own merits. Without guidance from experts such as Truebell Capital, choosing the right option can be difficult.

But how can you choose if you don’t know the difference between stock and trust funds? Before choosing an investment, you need to learn how they work and how they differ from each other. As with everything in this world, a bit of research is always required.

Stocks and shares

When a company goes public, it means they’re offering shares of their profits to anyone that can afford to invest with them. They do this to increase their capital and invigorate business growth.

They also do with because of the prestige going public entails. Any business that is trading shares is considered to be among the top in their respective industry.

When you buy stocks from a company, you essentially become a partial owner of said business. You receive a quarterly financial report, as well as a portion of profits that reflect the amount you invested.

Being a shareholder carry their inherent risk. If the company does well, so too does the stock that you purchased. The inverse is the same, as the company tanking will render your shares worthless. Therefore, the larger amount of shares you acquire, the larger is the risk you’re taking. Truebell can help you evaluate how much risk you can safely take with your investments.

Trying to learn which company to get shares from can be overwhelming. The stock market can be very complicated, with fluctuations in value almost every hour. That’s where Truebell and other asset management groups can help.

Mutual funds

Unit trusts, another term for mutual funds, are a different matter. Trusts are created when multiple investors collect their money into a larger pool, which is then used to fund multiple investments. These investments come in the form of various stocks, bonds, and short-term loans.

Mutual funds are handled by fund managers, something that Truebell specializes in. Careful deliberation is done by the fund manager on how to invest the funds for the best returns. These actions are then reported to a board of directors.

Unlike shares which are tied to a specific company, hedge funds can be used to buy shares and assets from multiple companies. These investments are then called a portfolio. Risks are relatively reduced and in a worst-case scenario, only a small portion of the fund gets devalued when a company goes under. All the other investments of the fund are unaffected.

When it comes to trust fund management, Truebell Capital can guarantee the best results. Visit to learn how they can get the most out of your investment.