What is actually Another Home loan? Mortgage Items, Conditions Plus The next mortgage taps to your home collateral because the equity to have an additional loan, that provides financing you could spend but not you’d like. You prefer household collateral getting one minute mortgage, which accumulates since you repay the real estate loan or because residence’s worth increases, boosting your portion of ownership versus no. 1 mortgage’s dominating. Perhaps you want to remodel the k...