Second Mortgages
in Colorado

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Do you need extra money as a down payment on another property, financing for home upgrades or repairs, or for other expenses? One option is to take out a second mortgage. You can do this if you have enough equity built up in your home to borrow against it.


What is a Second Mortgage?

With a second mortgage, you borrow against your equity and receive your funds in the form of a lump sum. You can then use those funds as you require.

A similar product is a HELOC, which takes the form of a revolving line of credit. Another related option is a refinance, where you may borrow funds in excess of your current loan balance.


When Should You Choose a Second Mortgage?

While there are a number of factors to weigh, one major when you are thinking about taking out a second mortgage versus a refinance is interest rates.

Usually, a second mortgage carries a higher rate of interest than a first mortgage. So, if interest rates are low or start decreasing, refinancing becomes a more appropriate option.

Another factor to consider is the ease of procuring financing. Underwriting guidelines for refinancing tend to be stricter than those for second mortgages. So if speed is of the essence, or you need more flexible approval guidelines, you might consider applying for a second mortgage instead.

What Are the Benefits of Second Mortgages in Colorado?

If you qualify for a second mortgage in Denver, CO Springs, or anywhere else in the state, these are the advantages you can look forward to:

You can borrow against your home to finance a variety of expenses.

The payments on your second mortgage will be predictable and due on a predetermined repayment schedule.

Pick a loan term which keeps your payments affordable.

Qualify for a more competitive interest rate than you might using a standard line of credit for your expenses.

Avoid credit card fees when financing your expenses.

Who Qualifies for a Second Mortgage in Denver or Elsewhere in CO?

The following basic requirements must be met in order to receive a second mortgage:

You must have equity to borrow against. If you do not own a lot of equity in your home, you may not be eligible.

You will need to have a steady stream of income.

You will need to have a steady stream of income.

Your financial history can have an impact on your eligibility for a second mortgage.

What Our Clients Are Saying

Robert Evans
Robert Evans
01:09 19 Jul 22
Called Front Range Mortgage and Brian answered. A few questions later we had the basics done and within 2 or 3 weeks it was a done deal! Was never passed over to anyone else until the final closing documents. Brian was available for all questions and was quick to respond. Definitely recommend
Sherry Nelson
Sherry Nelson
21:53 15 Jul 22
I wanted to share this company front range mortgage is the best!there very helpful and understanding ryan and brian we really like how professional they are and to the point!i would give them A 100 percent recommend refiance threw this company.
Maverick Boch
Maverick Boch
12:14 30 Jun 22
I have had the pleasure of working with Front Range Mortgage and Brian personally for over a year now. Their team is committed to helping their clients find the right mortgage solution for their financial needs. All while providing an industry leading lending experience. Anyone looking for a mortgage in Colorado I suggest reaching out to Front range mortgage today!
patrick driscoll
patrick driscoll
22:51 29 Jun 22
Brian and his team are a valuable client and an excellent choice to handle your next mortgage transaction.
joe conway
joe conway
20:49 29 Jun 22
Easy transaction. Buyers were surprised at the smoothness. Responsive team.Very pleased with this lender. Highly recommend.
Timothy Scholes
Timothy Scholes
21:18 19 Jun 22
Dennis Linn
Dennis Linn
18:26 18 Aug 21
We had a great experience at Front Range. Victoria took excellent care of us and we got a tremendous rate. I had a little trouble but they worked right through it without a hitch.If I ever re-fi again I’ll be right back here to do it.Thanks
CindyJo Abbott
CindyJo Abbott
03:51 15 Aug 21
I work with Victoria and Brian as a loan closing specialist. I have received so much POSITIVE feedback about how much everyone loves working with both of them. I always have a great conversation and extreme professionalism is always at the forefront.If you need/want to refi, go through a home purchase, etc … and are unsure where to go or who to talk to, look no further than Front Range Mortgage with Victoria or Brian …. You never know, you might get lucky and have me conduct your closing. ☺️😉
Clemente Galang
Clemente Galang
01:32 01 Feb 21
They were there when I needed them the most.
Mark Thompson
Mark Thompson
17:13 25 Jan 21
Dominic Lupori
Dominic Lupori
15:59 25 Jan 21
great people, super fast, pleasant experience
John B
John B
01:51 23 Jan 21
Matthew Hayden
Matthew Hayden
01:10 23 Jan 21
I have used Front Range Mortgage for several VA mortgage refinances. Each time they provide detailed comparisons of my options. The customer service is second to none and closing is a breeze! Victoria and Ryan had my loan closed and funded in less than 10 days!
rlrpjr1914
rlrpjr1914
23:40 22 Jan 21
Derek De Poy
Derek De Poy
23:39 22 Jan 21
Wiley Long
Wiley Long
00:14 16 Apr 20
Brian is the utmost professional. If you want no-hassle fast service and someone who will work in your interests, this is the place.
Mike Searls
Mike Searls
13:39 31 Mar 20
Front Range Mortgage does an amazing job - an advocate for their clients. The entire team is first rate and they really care. I highly recommend.
Kurt Rhea
Kurt Rhea
21:29 30 Mar 20
I know Brian personally - his work ethic and passion for helping people is above reproach and I am proud to be associated with him. - Kurt
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Apply for a Second Mortgage in Colorado Today

Wondering if you qualify for a second mortgage, or need help deciding whether this is the right type of financing for you? We can help you apply for a second mortgage or another type of loan to fund your projects or expenses. As a local company, we are Colorado Local, Colorado Only, Colorado Proud, and serve customers throughout the state, with a specialization in VA loans. To get started Click below or call (303) 500-1900 in Denver.


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