Homeowners Have Record Equity

U.S. homeowners are sitting on record levels of home equity, yet many aren't tapping it.

For homeowners who already have an attractive rate on their first mortgage, one reason may be simple: accessing equity through a traditional cash-out refinance means replacing the existing first mortgage.

A fixed-rate second lien offers another option. Qualified Texas homeowners may be able to access available equity while leaving their existing first mortgage in place.

Consider This Example

A homeowner has a home worth $700,000, owes $300,000 on the existing first mortgage, and wants to access $150,000 for a major remodel or other expense.

• With a cash-out refinance, the homeowner may need to replace the existing first mortgage as part of the new financing.
• With a second lien, the existing $300,000 first mortgage can remain in place while the homeowner finances the additional $150,000 separately, subject to qualification and applicable Texas lending requirements.

This can be particularly worth comparing for homeowners who have a favorable existing first-mortgage rate and need a substantial amount of cash for a remodel, home addition, debt consolidation or another major expense.

Fixed-rate second-lien programs may also offer longer repayment terms, including 30-year fixed options, which can help reduce the required monthly payment on larger loan amounts.

Source: CNBC, September 29, 2026 - "Homeowners are sitting on record equity and not using it"

See How Much Cash You Could Access → Here

Licensing & Disclosures

2ndLiens.com is a marketing brand and is not a lender. All loans are originated through Town Lake Lending, a licensed Texas mortgage company - NMLS #2484417 - 7000 N. MoPac Expy, Suite 200, Austin, TX 78731. Todd Kurio, Loan Originator, NMLS #216616.

Programs, rates, and terms are subject to change without notice and to credit approval. This is not a commitment to lend. All products may not be available in all areas.