Mehul Gosalia - EzineArticles.com Expert Author

Second Mortgage
[Finance:Home-Equity-Loans] There are advantages and disadvantages to second mortgages. A second mortgage can help repay your debt. It can also help finance your high education costs. It can also help save some money in tax by claiming the interest on the loan as a deduction in itemized deduction. Interest on a 2nd mortgage can be tax deductible up to $100,000 of the loan amount.