A second mortgage can be a valuable financial tool for homeowners looking to access their home’s equity for renovations, debt consolidation, or investment opportunities. At North Star Mortgage, we specialize in helping homeowners and real estate investors secure the best financing solutions, including HELOCs (Home Equity Lines of Credit), HELOANs (Home Equity Loans), and FIXLINE (Fixed-Rate Fully Amortized HELOCs).

Why Choose North Star Mortgage for Your Second Mortgage?

At North Star Mortgage, we offer competitive terms and flexible options designed to fit your unique financial situation. Here’s what sets us apart:

High Loan-to-Value (LTV) Options

• Up to 90% CLTV on primary residences
• Up to 80% CLTV on investment properties and second homes

Multiple Loan Products for Every Need

• HELOAN – A traditional second mortgage with a fixed interest rate.
• HELOC – A revolving line of credit that allows you to borrow as needed.
• FIXLINE – A fixed-rate, fully amortized HELOC for predictable payments.

Loan Amounts & Flexible Underwriting

• Loan amounts up to $400,000 using Automated Valuation Models (AVMs)
• Max loan amount of $500,000 with no strict CLTV, credit score, or occupancy restrictions
• Minimum loan amounts start at $25,000 ($60,000 in Texas)
• Credit scores as low as 640 for primary residence products
• Debt-to-Income (DTI) ratios up to 50% (special conditions apply)

Outpricing Banks & Credit Unions

We offer better rates and terms than many traditional lenders, giving you more borrowing power at lower costs. Plus, our streamlined process helps you secure funds faster than big banks and credit unions.

Easier Qualification & Less Paperwork

• Short-form title on loan amounts under $250,000
• No condo docs required – just master insurance and H06 policy
• UCC filings do not need to be removed/subordinated on loans under $250,000

Flexible Property & Usage Terms

• Rural properties allowed (max acreage: 20 acres; 10 acres in Texas)
• No seasoning required after purchase on owner-occupied homes when using the purchase price
• Use funds to pay off debt and improve qualification
• Refinance existing second mortgages & access additional cash-out

How a Second Mortgage Can Benefit You

• Home Renovations – Upgrade your home and increase its value.
• Debt Consolidation – Pay off high-interest debt at a lower mortgage rate.
• Real Estate Investments – Leverage equity to purchase additional properties.
• Emergency Funds – Access cash when you need it most.

Get Started with North Star Mortgage Today!

If you’re considering a second mortgage, let North Star Mortgage guide you through the process with expert advice, competitive rates, and top-tier service. Contact us today to explore your options and find the best solution for your financial goals!

Nathan Young
www.nsmn.com

Don’t let your home’s equity sit unused—put it to work with a second mortgage from North Star Mortgage!