Adam Smith

Taking out a single loan against the equity in your home will enable you to consolidate other debts such as a car loan or hire purchase agreement. You could reduce your overall debt, simplify your budget, and take the pressure off your finances if you release some of the money you’ve already paid towards owning…

It occurs when a loan secured by real estate is provided by a different source than the original lender. First priority is given to the first lender, and the second priority goes to the second lender. Whenever the property is sold, the first lender is entitled to receive the equity therein.  You may lose your…