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Second Mortgages

Second mortgages be a fine catch fer any home owner - fair and true.

Second Mortgages - A Growin' Treasure

Imagine yer sailin upon yopn cyberseas, an' ye finds a merchant vessle bound fer her majesty's royal colonies. But instead of gold an' silks an' doubloons and the like ye finds seeds, and worms, and other such drabbble. But you plunders it anyways, and you takes it on deck, and a few months later you have a whole orchard on deck and a couple a worms spittin out all the silk ye can stands. Such be the surprise of second mortgages - you never know quite what you 'ave til ye already has it.

Second mortgages are a growing benefit

Second mortgages be meanin' any form of financial aid you take out against yer home after yer first mortgage. Aye, thats be simple enough fer a corsair to understand. But that ain't all to second mortgages - there be hidden booty inside yer house growin from the day you first walked inside. That booty be called equity, and second mortgages help you access that equity with nary a scratch. An' ye can do whatever be pleasin' with yer second mortgages:

  • buy a new sail
  • swab the decks to a spit shine
  • even put down a payment on yet another ship - start an armada, drift around the great watry globe with two ships and 40 cannon under yer ruthless control.

Tis a fine time to be a pirate when ye has second mortgages ter play around with, but be careful - plays too hard with the loans and ye mights hurt yer back like the ancients of old.

Take things easy

However strong yer finances might be being, however much booty you be pullin' in from the banks, you 'ave to be sure you can handle the responsibilities and financial demands to second mortgages. And not just the second ones, but the first one as well - all your mortgages must be kept up to date, ship shape and all clean in the books. An if not the great warrior dogs form the banks will storm yer abode and takes every last possession ye haves - including yer house. Aye, tis a heavy price to pay fer a small mistake, so before ye builds that bathroom with second mortgages ye needs to take a close look at yer treasure chest - no matter how fast she be growin'. Arrrr.


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