At Luso American Credit Union, we understand that fixed rate second mortgage financing can be a great choice for debt consolidation or other borrowing needs, as since the rate is lower than many other loan types, and in most cases, interest paid on second mortgages is tax-deductible*.

Your owner-occupied residence serves as the collateral on the loan; there are minimal closing costs, which can often be paid for with the proceeds from the loan.

Please contact our mortgage specialist to help you determine the best term for your individual situation.

Consult your tax advisor

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