Beyoncé and Jay-Z just took out a second mortgage on one of their homes. This has driven up their monthly payments.

The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, ...

Beyoncé and Jay-Z have reportedly taken out a second mortgage worth $57 million on their mansion in Bel Air, California.

A second mortgage is a loan taken out against your home in addition to your primary mortgage. This usually comes in the form of a home equity loan or home equity line of credit. With a second ...

Because being a billionaire dad, husband, and hip-hop mogul isn’t enough — Jay-Z is also currently suing Texas attorney Tony ...

Cost of Refinancing a Second Mortgage. When you refinance a second mortgage, you’ll encounter various costs, such as closing costs, appraisal fees, and, in some instances, early repayment penalties.

A closed-end second mortgage is a type of home loan that allows homeowners to borrow against their home's equity while keeping their primary mortgage unchanged. This type of loan provides a lump ...

Applying for Second Mortgage to Invest in Real Estate. If you're interested in getting a second mortgage to invest in real estate, here's a closer look at each step in the process: ...

With a second mortgage, you borrow money depending on how much equity you have in your home. A home equity loan and a home equity line of credit are both types of second mortgages.

How to Apply for a Home Equity Loan or Second Mortgage . If you decide on a home equity loan, here’s how to move forward: Step 1: Confirm you have an adequate amount of home equity.

W hen I took out a second mortgage to open a vape shop, I thought I was making a bold move toward financial independence. The vape industry was booming, and I saw a chance to be my own boss. But ...