Question 1

Is this a HELOC or a closed-end second mortgage?

Accepted Answer

Both are available. We offer a traditional closed-end second mortgage (a fixed-amount installment loan with a fixed or interest-only payment) and a HELOC-style revolving line of credit with a 3-year draw period. The right choice depends on whether you need a lump sum for a specific use or ongoing access to the equity for multiple deals.

Question 2

Is this a consumer HELOC?

Accepted Answer

No. This is a DSCR-qualified second-lien product on investment property only. It is not a consumer HELOC governed by TILA or RESPA — Quicker Home Loans is a business-purpose lender and this loan is extended solely for business, commercial, or investment purposes. Your primary residence is not eligible.

Question 3

What's the maximum combined LTV (CLTV)?

Accepted Answer

Up to 90% combined LTV across the first mortgage and our second. If your first is at 70% LTV on a $400K property, you have $280K in first-lien debt and $40K of equity you could potentially access (90% of $400K = $360K total debt, less $280K existing first lien = $80K headroom, subject to DSCR and credit underwriting).

Question 4

Is there a minimum first-lien balance you will subordinate behind?

Accepted Answer

No minimum. We will go behind a first lien of any size — whether you owe $50K or $5M on the first, what matters to us is the combined LTV, the DSCR on the new combined debt service, and your credit and reserves.

Question 5

Will my first mortgage lender be notified?

Accepted Answer

Yes. Title and the recorded security instrument will reflect the new second-lien position, which is standard for any junior-lien loan. This is a disclosure requirement, not a consent requirement from your first lender.

Question 6

Why is the minimum credit score 660 instead of the 620 on standard DSCR?

Accepted Answer

A second-lien loan is riskier than a first lien — in a default scenario, the first lienholder gets paid before we do. Most second-lien lenders tighten credit requirements to compensate, and 660 is where our pricing and loss-adjusted risk line up. If your credit is between 620 and 659 and you have strong equity and DSCR, contact us — specific scenarios may still work.

Question 7

Is interest-only available?

Accepted Answer

Yes. Interest-only payments are available on both the closed-end 2nd and the HELOC-style product for qualifying scenarios. IO reduces your monthly payment but does not amortize the principal, so at maturity the full principal is still owed (either refinanced or paid off).

Question 8

What's the minimum loan amount?

Accepted Answer

Our 2nd Mortgage / HELOC minimum is $100,000. Below that threshold, the fixed costs of underwriting, appraisal, and closing start to eat meaningfully into the economics for both sides.

Question 9

What is the term structure?

Accepted Answer

Our closed-end 2nd is typically a 30-year amortized loan (or IO with balloon). Our HELOC-style product has a 3-year draw period during which you can pull funds as needed, followed by a repayment phase — structure varies by scenario, contact us for specifics.

Question 10

How does subordination work if I want to refinance my first later?

Accepted Answer

When you refinance your first mortgage, the new first lender will typically require us to sign a subordination agreement acknowledging our second remains junior. We routinely execute subordination agreements on performing loans — it's a standard part of refinancing a first when you have a second in place. There may be a small processing fee.

DSCR second mortgages. Tap equity without refinancing.

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