While most people would think about getting a first home or an investment property, there is a cheaper alternative that the majority of people don’t know about. The difference between a second mortgage and a home equity loan is exactly what it sounds like.

Is there a difference between a second mortgage and a home equity loan? In most cases, they are the same thing but they are different as well depending on your situation, and in this episode, I will talk about this. So, stay tuned…

Moreover, find and compare second mortgage lenders in Australia.