Up to 90% loan-to-value (LTV) unlocks more of your home’s value than most lenders offer, paired with the peace of mind of a fixed rate you can count on. No worrying with fixed rates.  You might consolidate bills and save thousands of dollars plus cut your monthly payments to a more affordable range vs consumer debt payments you are now making. Lower rates vs credit cards and other traditional consumer debt that sometimes tops 20 percent...you might cut that rate in half or better with a fixed term 2nd mortgage equity product. We'll pay the new loan off with a new 1st mortgage if rates ever retreat again.

One-time goals like debt consolidation, major home improvements (hello, Gulf Shores retreat!), or a big investment—all without refinancing your first mortgage. Put your equity to work for you. 

Real Alabama Homeowner Story: Smith Lake Equity, Lakeside Wins

Lee and Krista have made their $1.2 million Smith Lake retreat their home sweet home since 2013, snagging it for $450,000 in a savvy buy. With a 3% 20-year fixed-rate mortgage—now down to ~$165,000 after 12 years—they’ve watched their equity soar alongside Alabama’s lake-living boom. From Lake Tuscaloosa’s vibrant shores to Lake Guntersville’s sprawling waters, Weiss Lake’s quiet charm, and Logan Martin Lake’s bustling energy, our state’s lakes are goldmines—and Smith Lake’s no exception.

Inflation’s hit them like everyone else, though. They’re juggling $40,000 in credit card debt ($2,000/month at 5% minimums) from decking out Krista’s dream craft studio, a $30,000 truck loan ($1,188/month), and Lee’s eyeing a $70,000 vintage Mustang—banks won’t touch classics, but we will. Total debt: $140,000. With a 15-year fixed-term second mortgage at 8% (90% LTV), they’re wiping the slate clean. Here’s the chalkboard breakdown:

Chalkboard Consolidation Math:

Current Debt & Payments:

Credit Cards: $40,000 → $2,000/month

Truck Loan: $30,000 → $1,188/month

Mustang Dream: $70,000 → $0 (unfinanced yet)

Total Debt: $140,000

Total Payments: $3,188/month

New Fixed-Term Second (8%, 15 Years):

Loan: $140,000

Monthly Payment: [0.006667 \cdot 140,000] / [1 - (1.006667)^{-180}] = 933 / 0.698 = ~$1,337/month

New Payment: $1,337/month

Savings:

3,188 - 1,337 = $1,851/month

Result: Lee and Krista save $1,851/month—locked in, no variable-rate surprises. Unlike a HELOC (starting at $933/month at 8%, but jumping to $1,400+ if rates hit 12%), their $1,337 stays steady. They’re toasting to that Mustang and stress-free lake nights from Smith Lake to Guntersville. Ready to chalk up your own win, Alabama lake lovers?

Real Alabama Homeowner Stories: Lake Living, Equity Power

From Smith Lake to Lake Martin—and favorites like Lake Tuscaloosa, Lake Guntersville, Weiss Lake, and Logan Martin Lake—Alabama’s lake homes are equity goldmines. Take Lee and Krista (Smith Lake, $1.2M home, bought for $450k in 2013) and James and Laura (Lake Martin, $1.3M home, bought for $480k in 2013). Both locked in 3% 20-year mortgages, now down to ~$165,000 and ~$175,892 after 12 years. Inflation’s piled on debt, but our 90% LTV fixed-term second mortgage wipes their slates clean:

Chalkboard Consolidation Math:

• Lee and Krista (Smith Lake):
• Debt: $40k cards ($2,000/month), $30k truck ($1,188/month), $70k Mustang = $140k
• Current Payments: $3,188/month
• New 15-Year Fixed at 8%: $1,337/month
• Savings: $1,851/month
• Equity Left: $895,000 ($1.2M - $305k debt)
• James and Laura (Lake Martin):
• Debt: $38k cards ($1,900/month), $32k car ($1,263/month), $65k Corvette = $135k
• Current Payments: $3,163/month
• New 15-Year Fixed at 8%: $1,289/month
• Savings: $1,874/month
• Equity Left: $989,000 ($1.3M - $310k debt)

Why Fixed Wins: Their $1,337 and $1,289 payments are locked—no HELOC variable-rate jumps (from $933-$900 to $1,400+ if rates hit 12%). With $895k and $989k in equity, they’re set to combine their 3% firsts and 8% seconds into one low-rate loan when rates dip below 3% again—maximizing Alabama lake wealth. Ready to chalk up your savings?

Find out how much equity you can tap into today. Alabama homeowners, secure your financial win now!

 Fixed-Term Second Mortgages: Real Alabama Wins

Support local Alabama mortgage professionals vs these out of state call center lenders that grab our clients and leave nothing in return. They don't spend in our communities and support our Alabama service industries, car lots, hospitals, theatre's, much of anything. Let's all try to keep our business in Alabama so we can keep our state lending strong...and we won't have the big boys dominating your options when you need a home loan.