HomeSafe Second is a new fixed-rate loan that allows you to tap into your home equity via a second mortgage. There is no additional monthly payment requirement and no change to the interest rate on your first mortgage.

HomeSafe Second is for people who need to:

• Consolidate high-interest credit card debt
• Cover rising costs at the pump and the grocery store  
• Fund long-term care, medical expenses, or emergencies
• Pay for home improvements
• Helping kids or grandkids with college or a down payment for a home
• Upgrade your lifestyle in your senior years (you deserve it)

How it works: The HomeSafe Second program loans you a portion of your home equity via a second mortgage. There are no additional monthly mortgage payments required until you leave your home, stop paying property charges, or do not meet the terms of the loan. The balance of your loan will grow over time. When you leave the home, you or your heirs will be responsible for paying back the loan, which can be settled with the sale of the house but will never amount to more than the home’s value.  Keep in mind, you will be responsible for keeping your current first mortgage.

Whatever your goals, HomeSafe Second can help. Access equity while keeping your low interest rate today.