Second MORTGAGE- Why a Second Mortgage?
The equity in your home is cash which can be utilized for
better use, otherwise, the money sitting there for no use.
However, it is important to use money from the second
mortgage for better use. This could be used for bill conso-
lidation, for improvements of property, for school tuition,
for investment for purchasing a car and more uses other
than listed.
Advantage of a second mortgage.
a. You may have a tax advantage.
b. Consolidating all your bills in one payment generally
gives you a better cash flow and tax benefits.
c. "Home Improvements",  you can use this benefit for
improvement to your home and increase the value.
d.  Buying a car may also deduct from your taxes.
Disadvantages.
If the money is not used properly, you may end up with
no equity in your home and you for that reason the money
you borrowed would not be used properly.
Line Of Credit On Your Home.
Line of credit on your home is a 2nd mortgage. "Online
credit" the borrower has money as a line of credit and
can be used any time the borrower has needs. For example;
if you have a line of credit of  $50,000, you can use this line
of credit to pay bills, home improvements, college tuition,
vacation and so on.

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