Tougher to get a 2nd because of the pandamic?

I wouldn't say underwriting criteria for seconds is not any tougher now than it was before the pandemic. Having said that, all lenders are being more diligent in verifying if a borrower has continuing income to support repayment and most lenders have dropped their maximum allowable combined debt-to-income ratio to anywhere from 75% to 90% of the property's appraised value. Unless your current interest rate is already below 3%, you should consider refinancing instead of a second. Give me a call to discuss. I'm licensed in Georgia and would be happy to help. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ At NEXA, we've got you covered. We are licensed in all states except MA and NY and we're pending approval in VA. ~ www.ApplyYes.com 480-889-9000.