June 21, 2018

The Stigma Attached To 2nd Mortgages

I had a very interesting conversation with a client.  She happened to overhear 2 people at work openly discussing obtaining a 2nd mortgage.  She was telling me that as a child, she remembered her parents discussing friends that had to get 2nd mortgages and her parents being very judgemental.  Comments like “how could they get so far behind in their payments” or “they must be horrible money managers” that they would need to have to get a 2nd mortgage. How many of us still hold onto these limiting beliefs that we would rather suffer through financial difficulties and just keep…

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