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Krycheck · 03-16-2004, 10:24 PM

I'm currently looking into a second on my house.
I owe about $143,000 and the current values in my neighborhood are around $210,000-260,000 for my home size. I just wanna pay off two car loans, pay what other billis I still have (about 7k) and do some remodeling to the house. I figure about 50-60k is what I'll need.

I put in a request at lendingtree.com and got some quick responses. Some look good and some right off looked not so good.

My question is what should I look for? I've re-fied my home 3 times but I've never done this before.

How much higher is the interest rate on a second compared to a first?

03-16-2004, 10:24 PM	#1 (permalink)
Krycheck Sultana ruined my evil persona Location: Los Angeles	A Second Mortgage I'm currently looking into a second on my house. I owe about $143,000 and the current values in my neighborhood are around $210,000-260,000 for my home size. I just wanna pay off two car loans, pay what other billis I still have (about 7k) and do some remodeling to the house. I figure about 50-60k is what I'll need. I put in a request at lendingtree.com and got some quick responses. Some look good and some right off looked not so good. My question is what should I look for? I've re-fied my home 3 times but I've never done this before. How much higher is the interest rate on a second compared to a first? __________________ His pants are tight...but his morals are loose!!