Ken Starks
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Ken Starks - Allied First Bank Team Manager NMLS #173595
Kylee Huish - Allied First Bank Production Partner NMLS #759705
Buyers like it because they are able to purchase a home without having to save for years and years to pay for the entire thing at once. So if getting a mortgage to purchase a home is good, getting a second one must be better, right? You are consolidating unusual debt (such as one-time emergency medical bills) to lower your monthly payments or pay off debt faster. Second mortgages can be useful tools but should be treated with the same budget scrutiny that you do your initial home purchase.