Non-QM Second Mortgages Explained | Access Home Equity Without Refinancing

Still sitting on a ton of home equity but don’t want to refinance your low-rate mortgage?
You’re not alone — and the good news is, you don’t have to.

In this video, John Thomas, Loan Officer with Primary Residential Mortgage, Inc. (PRMI), explains how a Non-QM Stand-Alone Second Mortgage — also known as a Closed-End Second Lien — can help you tap into your home’s equity without touching your first mortgage.

Whether you’re struggling to qualify for a traditional HELOC due to income verification, debt-to-income ratio, or self-employment, this Non-QM option gives you the flexibility to access up to 90% CLTV with fixed, predictable payments.

💡 In This Video You’ll Learn:

0:00 – Why homeowners are turning to Non-QM Second Mortgages
0:45 – How a Stand-Alone Second Mortgage works
1:45 – Who qualifies for Non-QM loans
2:30 – Real example: accessing $150K in equity without refinancing
3:30 – Non-QM documentation options (Full Doc, Bank Statements, 1099, DSCR)
4:30 – Closed-End Second vs. HELOC
5:00 – When a Stand-Alone Second Mortgage makes sense
5:45 – How to apply and get started with John Thomas, PRMI

🏡 Program Highlights:

Access up to 90% CLTV (depending on credit and property)

Fixed-rate terms: 10, 20, or 30 years

Flexible income documentation — great for self-employed borrowers

Loan amounts starting at $75,000

Use for debt consolidation, home improvements, or investment opportunities

🔗 Read the Full Blog Post for More Details:

👉 https://delawaremortgageloans.net/non...

📞 Ready to Tap Your Equity Without Refinancing?

Contact John Thomas, Delaware’s trusted Home Equity Loan Specialist:
📱 Call: 302-703-0737
💻 Apply Online: https://www.DelawareMortgageLoans