Silent Second Mortgage
Private Home Equity Loans

These are considered private money second mortgages typically offered by the seller during a home loan transaction. In most cases, silent second mortgages are used when the buyer is having difficulty coming up with the down payment required by the mortgage lender.

Sometimes silent second's are done because the underwriter doesn't like the debt ratio, so a silent 2nd mortgage overcomes the qualifying obstacle by lowering the loan amount. Of course the lender is not aware of the silent mortgage, and would not allow it if they were aware of the private loan.

Silent 2nd Mortgages are not uncommon with Jumbo purchase loans that exceed 2 million!

Silent mortgages are risky for Sellers, because these loans are unrecorded second mortgages that may not be enforceable if the buyer stiffs the seller. These private home equity loans are unsecured loans, so the seller has very little recourse if the buyer decides to stop making payments.

Preferred Loan Type
Property Type
Property Value
Credit Rating


More Second Mortgage Types:
No Income No Assets | Purchase Money | Stand Alone | Balloon | Fixed Rate Second Mortgage | Wholesale | 40 Year Loans | Commercial | Refinancing | Simple Interest 2nd Mortgages | Light Documentation | 1 Pay-Stub | Secure Liens | Bill Consolidation | 125% Second Mortgages | No Ratio | Stated Income Verified Assets | Cash Out | No Equity Mortgage | 2nd Mortgage Types - Index
Rate Assumptions | Home Equity & Mortgage Handbooks | Apply Now | Disclosures and Terms | Home Loan | About Us | Contact Us | Testimonials | Privacy | Site Map
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. Nationwide is affiliated with national lenders and a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright 2001-2010 and Beyond, Nationwide Mortgage Loans - BDnationwidemortgage.com is a website and cannot make loans. All rights reserved.