Second Lien Loans
Keep your first mortgage. Access your equity. Get Cash.
A second lien loan - also called a second mortgage, second lien cash out, cash out second, or second lien home equity - lets you borrow against the equity in your home while keeping your existing first mortgage exactly as it is.
If you have a low first-mortgage rate, a cash-out refinance means giving up that rate on your entire balance. A fixed-rate second lien avoids that: your first mortgage stays untouched, and you take a separate loan against your equity with predictable payments over a set term.
It's a smart fit for homeowners who want to fund a renovation, consolidate higher-interest debt, or access cash for a major expense - without resetting the mortgage they already have.
Ready to explore your home equity options?
See how much cash you could access →
Ready to explore your home equity options?
See how much cash you could access →
How 2ndLiens.com Works
Answer a Few Questions
Tell us about your home and your goals. We'll explain whether a second lien is the right fit.
Review Your Options
We lay out the numbers clearly - no pressure and no jargon.
Apply & Close
When you're ready, your loan is originated through Town Lake Lending with fast, clear communication throughout.
Common Uses
Home Improvement
Fund a renovation or repair using your equity - without refinancing your first mortgage.
Debt Consolidation
Roll higher-interest balances into a single, predictable payment secured by your home.
Major Expenses
Access cash for tuition, medical costs, or other large expenses while keeping your low rate.
Texas home equity lending laws are designed to help homeowners maintain equity in their homes while still providing access to a portion of that equity. Your maximum loan amount will also depend on factors such as your home's value, existing mortgage balance, credit profile, income, and the specific loan program.*Subject to credit approval, property eligibility, occupancy, and program guidelines.
Common Questions
If you have a low first-mortgage rate, a traditional, first lien, cash-out refinance replaces your entire loan at today's rates - so you'd give up that low rate on your whole balance just to access a portion of your equity. A second lien lets you keep your first mortgage exactly as it is and borrow only against your equity.
A second lien - also called a second mortgage - is a loan secured by your home that sits behind your existing first mortgage. Your first mortgage stays in place, and the second lien is a separate loan against the equity you've built.
Essentially, yes. "Second lien," "second mortgage," and "second lien home equity loan" all describe a loan secured by your home that sits behind your first mortgage. What matters is that your existing first mortgage - and its rate - stays in place while you borrow against your equity.
It's your equity to use. Common purposes include home improvement, consolidating higher-interest debt, tuition, or other major expenses. It can also be used to fund a down payment on a second home or investment property purchase, lot/land purchase, or other general investments.
