What is the Closed End Second？
Closed End Second: Second Loan Only is acceptable.
* Subject property should have a first mortgage.
Closed End Second Program Highlights
♦ 1-4 Units;
♦ Rate & Term Transaction Ineligible; Purchase: Call for price
♦ Primay Home/2nd Home/Investment(Max CLTV 80%)
♦ Stand-Alone CES / Piggy Back (The 1st lien must be done at AAA LENDINGS)
♦ Bank Statement / 1099 available
