Simple, Stable Financing for Your Biggest Goals

A Closed-End Second Mortgage allows you to borrow a set amount of money against your home's equity and repay it over a fixed term. Unlike an open-end structure or a HELOC, this loan provides one lump sum at closing—with predictable monthly payments and a fixed interest rate.

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This type of financing is ideal for homeowners who need a clear, upfront amount for a specific purpose and want the stability of consistent payments, all without touching their existing first mortgage.

• One-Time Lump Sum – Receive all your funds upfront—perfect for large, planned expenses like renovations, debt consolidation, or major purchases.

• Fixed Interest Rate – Your interest rate and payments remain the same for the life of the loan, providing long-term stability and ease of budgeting.

• Keep Your First Mortgage Intact – Access your home’s equity without refinancing your existing mortgage—especially beneficial if you have a lower rate you want to preserve.

• Clear Repayment Structure – Enjoy a simple, straightforward loan with fixed terms—no surprise changes or variable-rate adjustments.

This option may be a strong fit if you:

• Have a specific project or financial need that requires a set amount upfront (e.g., remodeling, major repairs, debt consolidation)

• Prefer fixed payments and long-term predictability

• Want to avoid refinancing your first mortgage especially if current market rates are higher

• Want a more affordable borrowing option compared to unsecured debt

1. Initial Consultation – Speak with a Fortress mortgage advisor to review your financial goals, home equity position, and the loan amount that best aligns with your strategy.

2. Application Submission – Provide your financial and property documentation so we can begin the qualification process.

3. Home Valuation – A professional valuation will determine your home’s current market value and available equity.

4. Underwriting & Approval – Our team finalizes your loan amount, fixed rate, and term, ensuring they align with your goals.

5. Loan Closing & Funding – You receive the full lump sum at closing—ready to use for renovations, debt payoff, or any major financial objective.

At Fortress Mortgage Advisors, we specialize in helping clients use their home equity strategically—not just as a loan, but as a financial tool. Our closed-end second mortgage solutions are:

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• Tailored to your financial goals

• Integrated into your broader financial plan

• Supported by clear, expert guidance from start to finish

• Designed to preserve your first mortgage while giving you affordable access to cash

Whether you're improving your home, consolidating debt, or planning a major expense, Fortress ensures your equity works in ways that strengthen your long-term financial well-being.

• Home-Equity Line of Credit (HELOC)

• Open-End Second Mortgage