Uses And you can Dangers Comparing the dangers of each Financing Form of With an extra mortgage, you should understand just what your debt month-to-month and also for how much time you are going to are obligated to pay they since most 2nd mortgages keeps a predetermined rate of interest. This will make it a lot easier for you so you’re able to funds their expenditures. Lingering Line of credit? The debt regarding an ongoing credit line is easier to