$75,000 to $3,000,000
1 year, 6 years, 10 years, 20 year, 30 yrs
3 or less% - 8%
3%
Loan Type Bridge Loan, Hard Money Loan, Second Mortgage
Property Type 2-4 Units, SFR
886336
Rhode Island Second Mortgage Lenders
Below is a list of 1 Lenders that offer second mortgage in Rhode-island. Interest Rates vary on a case-by-case basis but are typically offered from 3% to 8%. In addition, these lenders provide loans amounts from $75,000 and $3,000,000.
Top 10 Cities to Get a Second Mortgage in Rhode Island: A Comprehensive Guide
Rhode Island, despite its small size, offers a diverse range of cities with rich history, scenic beauty, and economic opportunities. For homeowners considering a second mortgage for various financial needs, selecting the right city is essential. Here are the top 10 cities in Rhode Island worth exploring for a second mortgage:
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Providence:
As the capital and largest city in Rhode Island, Providence boasts a vibrant arts scene, historic architecture, and a strong economy. With a mix of urban amenities and waterfront charm, securing a second mortgage in Providence provides homeowners with ample opportunities.
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Warwick:
Located in the heart of Rhode Island, Warwick offers a blend of suburban living and coastal beauty. Its stable housing market and proximity to Providence and the T.F. Green Airport make it an attractive destination for homeowners seeking a second mortgage.
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Cranston:
Situated just south of Providence, Cranston offers a diverse community and a range of housing options. Its stable housing market and access to major highways make it an appealing choice for homeowners considering a second mortgage.
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Pawtucket:
Known for its industrial heritage and vibrant arts scene, Pawtucket offers affordable living and a strong sense of community. Its stable housing market and proximity to Providence make it an attractive destination for homeowners looking to access their home equity.
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Newport:
Nestled along the coast of Aquidneck Island, Newport offers historic charm, stunning mansions, and picturesque waterfront views. Its stable housing market and access to world-class dining and recreational activities make it a desirable location for homeowners seeking a second mortgage.
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Woonsocket:
Located in northern Rhode Island, Woonsocket offers affordable housing options and a strong sense of community. Its stable housing market and proximity to major highways make it an attractive choice for homeowners considering a second mortgage.
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East Providence:
Situated on the eastern border of Providence, East Providence offers suburban living with easy access to urban amenities. Its stable housing market and waterfront attractions along the Seekonk River make it an appealing destination for homeowners looking to leverage their home equity.
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North Providence:
Adjacent to Providence, North Providence offers a mix of residential neighborhoods and commercial developments. Its stable housing market and proximity to Providence make it an attractive choice for homeowners seeking a second mortgage.
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Central Falls:
Known for its diverse community and historic architecture, Central Falls offers affordable living and a strong sense of culture. Its stable housing market and revitalization efforts make it an appealing destination for homeowners considering a second mortgage.
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West Warwick:
Located west of Warwick, West Warwick offers suburban living with access to urban amenities. Its affordable housing options and proximity to major highways make it an attractive choice for homeowners looking to access their home equity.
Before pursuing a second mortgage in any city in Rhode Island, it's essential to consult with a reputable lender and carefully assess your financial situation. Additionally, consider the current real estate market conditions and explore all available loan options to make an informed decision. With the right approach and thorough research, homeowners in Rhode Island can unlock the potential of their home equity and achieve their financial goals.