Jan
20
Can I convert my 2nd mortgage to an unsecured loan?
ByI am planning on selling my home. I have a 2nd mortgage through the same bank that holds my original mortgage. Would the bank consider converting the 2nd mortgage to a regular loan? My 2nd mortgage is only 13,000 but it does make a difference with the slow housing market.
1 Comments
January 20th, 2010 at 10:49
The sale of your home cannot be completed without paying off the 2nd mortgage. No, it is not possible.