Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

5
Posts
1
Votes
Dennis Haldeman
  • Lender
  • Akron, PA
1
Votes |
5
Posts

PML - Second Mortgage

Dennis Haldeman
  • Lender
  • Akron, PA
Posted

I am a PML operating exclusively in the state of Pa.  I am considering doing my first second mortgage of a substantial $ amount.  (I have done small seconds in the past as an unsecured personal/promissory note.)  I believe I may already know the answer to this question, but just want some confirmation from this group.  Are the loan docs for a second the same as for a first.  The only difference being the order in which the paperwork is filed?  Thanks in advance for any input!

Loading replies...