2nd Mortgage Story

We are about to close on a house and a mortgage first, then a second to pay a fee. This prevents SMEs. If you plug the numbers into a computer to pay the mortgage, the mortgage payment as well as the largest creditor for granted. However, other methods of payment - calculators all say it unless the lender said. There is another mortgage payment calculator for a second? Unfortunately. Must be same.what is the concept of others? Maybe that's where the problem occurs. All these elements have the same concept is first. It also connects the interest rate right over the other? Seconds always have a higher rate than the first. Other mortgage rates are generally higher because of the risk factor, and sometimes the payment of premium built into them, or even brokerage fees. Read the fine print again, perhaps with his lawyer at that time. It depends if the other is a fixed rate loan or a Home Equity Line of Credit.