Second Mortgage

At TTCU, we know buying a home is one of life’s biggest milestones—and we’re here to make it easier. If you’re looking for a way to reduce upfront costs or avoid private mortgage insurance (PMI), a second mortgage could be the perfect solution.

A second mortgage is an additional loan you take out using your home as collateral—on top of your existing mortgage. Because it’s “second” in line behind your first mortgage, lenders take on more risk, which often means higher interest rates or stricter requirements. But with TTCU, you’ll get competitive rates and personalized guidance every step of the way.

This structure can help you:

It’s often called a “piggyback” mortgage because it works alongside your primary loan.

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