Closed-End Second Mortgage

Leverage Real Estate Equity, Keep Your Rates in the Green

When you need cash, interest rates on personal loans or credit cards interest can be outrageously high. A closed-end second mortgage can be a better option if you need liquidity. More importantly, you can qualify using your deposits through bank statements, gross 1099 income, and investment assets – instead of tax returns, pay stubs, or W-2s.

97% Pull-Through Rate

What is a “pull-through rate?” This is another way of saying that our word means something. 


When we tell you (or a realtor) that you are pre-approved for a loan, it means you are, in fact, pre-approved for a loan. 


Unlike other lenders, we won’t jeopardize your property deal or frustrate your realtor with meaningless pre-approval letters based on an online form. 


We do a thorough investigation of all the information you provide us. 97% of our official pre-approvals move on to full mortgage underwriting approval. (The other 3% are usually borrowers who change their mind about the property).


Our excellent results demonstrate our unwavering dedication to clients like you.

Try Our 2-Minute QuickQual

Keep your favorable existing mortgage interest rate

In contrast to a cash-out refinance, you won’t alter your existing mortgage. This is helpful if your current first mortgage benefits from low interest rates. Instead, the mbanc Closed-End Second Mortgage allows you to access 80% of the value of your home.

I was incredibly pleased in the process with Mayer, Daniel, and the Team at mbanc. They were very quick and efficient in responding to my needs. I would highly recommend this outfit, and am very happy to have a place called HOME, because of their hard work.

Bradley S.

How the process works

You’ve achieved equity - now it's time to enjoy the benefits


Explore the current rates available to you today

You have nothing to lose with an initial call with one of our knowledgeable mortgage officers. Let us know the interest you are currently paying, and we can help you weigh whether a cash-out refinance of a closed-end second mortgage is better for you. We offer both.


We’ll help you qualify

At mbanc, we consider your 1099 income or the balance of your personal and business bank statements for our loans. If you are an employee with W-2 income and pay stubs, that’s great, but it’s optional.


Our application process is efficient

From start to finish, our mbanc experts will guide you through every step of the Closed-End Second Mortgage application. We will clearly outline what documents we need from you to save you time. Once we have all your information, it usually only takes 2-3 weeks for you to receive your lump sum. 


We are happy to advise you

We know your heart is set to draw cash from your home for a big purchase or investment. Nevertheless, depending on your expenditure, there may be other ideas – especially if you need to purchase another property. Mbanc has numerous mortgage solutions.

Your current mortgage got you to where you are now. Protect it.

One of the primary concerns for homeowners contemplating leveraging their real estate equity is the fear of losing their existing low-interest rate. Fortunately, a closed-end second mortgage provides a viable solution.


Unlike refinancing or opening a home equity line of credit (HELOC), a closed-end second mortgage does not interfere with the original mortgage terms. It allows homeowners to maintain their current low-interest rate while accessing the equity they’ve built in their home.

More leading Mbanc mortgage programs    

Mortgage Approval Made Simple

Aside from great mortgage programs, at mbanc, you’ll find enthusiastic and knowledgeable experts ready to offer you premier service.

Bank Statement

Use one to two years of healthy bank statement deposits to qualify.

Asset Utilization

Use your liquid assets (instead of the usual tax returns) to apply.

Rental Income DSCR

Investment properties can create wealth and income.

1099 Jumbo

Entreprenuers can now make large property purchases.

Closed-End Second Mortgage

Do you need cash and have equity in a property?

Connect with your dedicated mbanc loan professional today to explore the flexible mortgage possibilities available to you.

Frequently Asked Questions

Contact us for a complimentary quote on our competitive rates to discover your potential qualification amount.

What is a Closed-End Second Mortgage?

A closed-end second mortgage allows homeowners to leverage their real estate equity by receiving a lump sum payment without affecting their existing low interest rate.

A closed-end second mortgage does not change the terms of the original mortgage, and is a onetime equity draw, allowing homeowners to keep their existing low interest rate and leverage proceeds from their equity.

Call for more Information!

No, one of the benefits of a closed-end second mortgage is that it doesn’t interfere with the original mortgage terms. 

Your specific mortgage rate is influenced by a range of elements: income evaluation method, equity status, credit score, loan term, income, and debt. Reach out to us for a complimentary quote on our competitive rates for self-employed mortgages and discover your potential qualification amount. 
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