Both these are often referred to as second mortgages, because they are secured by your property. With either a home equity loan or a HELOC, you are required to pay off the balance when you sell the house.

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The Wonderful World of Mortgages. Mortgage assistance for the unemployed? By Allison Sousa on March 30, 2010. Ought to be interesting to see if this program. By Allison Sousa on March 12, 2010. Towards the end of past funding cycles, USDA has typically issued conditional commitments pending a new cycle of funding. Hopefully, this is just USDA prepar.

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