I don’t mean a second mortgage as in getting a mortgage on a second property; in this case I’m talking about a 2nd mortgage behind an existing 1st mortgage secured against the same property.

Second mortgages aren’t for everyone so I’m going to highlight what I think are the top 10 points you should know about them to determine if one is right for you.

Definition of a decision- A choice made between alternative courses of action in a situation of uncertainty.

Even with 35 years of mortgage experience, I am confused as to how to answer this question because the economists seem to all have different opinions about what is going to happen with the rates and let’s face it, no one has a crystal ball.

For many people, getting into the holiday spirit means digging out all of your sparkly Christmas decorations, attending parties filled with food, drinks, friends and family and piling up stacks of gifts for loved ones under the tree. Sadly, after all that fun, there is a good chance you’ll come out on the other side with a holiday hangover in the form of debt.