Home Equity Loans

Closed-End Second Mortgages: Unlock Your Home’s Equity Without Losing Your Low First-Mortgage Rate

A Closed-End Second Mortgage, often called a Closed Second, is a powerful way to access your home’s equity while keeping your existing first mortgage intact. If you’ve locked in a great low rate on your first mortgage but need cash for renovations, debt consolidation, or other expenses, a closed second could be the perfect solution.

Unlike a HELOC (Home Equity Line of Credit), which works like a revolving credit line, a closed-end second gives you a lump sum of cash at closing with a fixed rate and fixed monthly payments. This makes budgeting simple and predictable — no rate fluctuations or surprises.

Benefits of a Closed-End Second Mortgage

• Keep your low first mortgage rate — no need to refinance your entire loan
• Access up to 95% of your home’s value (combined with your first mortgage)
• Fixed rates and fixed payments for stability and peace of mind Fast approval and funding with minimal documentation
• Use your equity your way — home improvements, debt payoff, investments, or major purchases

Who Can Benefit

• Closed seconds are ideal for homeowners who:
• Purchased or refinanced when rates were low
• Need cash but don’t want to touch their first mortgage
• Want predictable payments versus a variable-rate
• HELOC Prefer a simple, one-time draw rather than an open credit line

Why Choose Janus Mortgage At Janus Mortgage, we specialize in helping homeowners tap their home equity smartly. Our closed-end second mortgage programs are designed for speed, flexibility, and competitive pricing — with no payments for the first few months and quick turnaround times. Whether you’re improving your home, consolidating high-interest debt, or simply building financial flexibility, we’ll help you choose the second-mortgage solution that fits your goals.

Home Equity Line of Credit (HELOC): Flexible Access to Your Home’s Equity

A Home Equity Line of Credit (HELOC) lets you tap into your home’s equity whenever you need it — without touching your first mortgage. With today’s higher mortgage rates, a HELOC is a smart way to keep your low first-mortgage rate while giving yourself flexible, ongoing access to cash for home improvements, debt consolidation, tuition, or any major expense.

Unlike a closed-end second mortgage that provides a one-time lump sum, a HELOC works like a revolving credit line — you can borrow, repay, and borrow again as needed during the draw period. You only pay interest on the amount you use, making it one of the most cost-effective ways to access your equity.

Benefits of a HELOC

• Keep your existing low-rate first mortgage — no refinance required
• Flexible access to funds when you need them
• Interest-only payment options during the draw period
• Fast approvals and quick funding with minimal paperwork
• Use your equity your way — home upgrades, debt payoff, or financial safety net

Who Can Benefit

HELOCs are ideal for homeowners who:

• Want ongoing access to funds without reapplying
• Prefer flexible payments and borrowing options
• Have future expenses like remodeling, education, or investments
• Want to preserve their low-rate first mortgage

Why Choose Janus Mortgage

At Janus Mortgage, we make it simple to turn your home’s equity into opportunity. Our HELOC programs feature competitive variable or fixed-rate options, fast turnaround times, and easy access to funds when you need them. Whether you’re upgrading your home or consolidating debt, we’ll help you find the right HELOC solution with expert guidance and personalized service from start to finish.

HomeSafe Second Mortgage: Access Your Equity Safely — With No Payments

The HomeSafe Second Mortgage is a unique, no-payment second mortgage designed for homeowners who want to access their home’s equity without touching their low-rate first mortgage or adding new monthly expenses.

With HomeSafe Second, you receive a lump sum of cash at closing, and no monthly payments are required — the balance is repaid later, typically when you sell your home, move out, or refinance. It’s an innovative way to put your home’s equity to work, while maintaining financial flexibility and peace of mind.

Benefits of the HomeSafe Second

• No monthly payments — ever during the life of the loan
• Keep your low first mortgage rate intact
• Access your equity as a lump sum for any purpose
• Use funds for home improvements, debt payoff, or cash reserves
• Fast approval and easy qualification compared to traditional loans
• Retain full homeownership and control of your property

Who Can Benefit

• The HomeSafe Second Mortgage is ideal for homeowners who:
• Have significant home equity but want to avoid new monthly debt
• Want to preserve their low-rate first mortgage
• Need cash for home upgrades, debt consolidation, or retirement planning
• Prefer a flexible, no-payment option over a HELOC or traditional second

Why Choose Janus Mortgage

At Janus Mortgage, we specialize in smart, forward-thinking equity solutions. The HomeSafe Second program offers homeowners a simple way to unlock equity with no payments and no refinance required. Our team guides you through every step, ensuring you get the funds you need — quickly, safely, and on your terms. It’s the ideal choice for borrowers looking for financial flexibility, simplicity, and peace of mind.