Low Mortgage Rates Are Becoming More Valuable

A new Barron's analysis shows just how valuable an existing low-rate mortgage can be today.

With mortgage rates around 7.3%, Barron's estimates that the median home price would have to fall 32% for a buyer to have the same monthly payment as today's typical existing homeowner. At the same time, homeowners are sitting on a record $17.9 trillion in home equity - about $310,000 per homeowner.

Read the Barron's article: "Housing Market Math Problem"

For homeowners who need cash, this highlights an important consideration: accessing home equity doesn't necessarily mean giving up your existing first mortgage.

A fixed-rate second lien can allow qualified homeowners to access equity while keeping their current first mortgage - and its existing interest rate - in place.

See How Much Cash You Could Access → Here

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2ndLiens.com is a marketing brand and is not a lender. All loans are originated through Town Lake Lending, NMLS #2484417. Todd Kurio, Loan Originator, NMLS #216616. Texas only. townlakelending.com