Close End Seconds (CES)
Access your home’s equity — without refinancing your first mortgage.
A Close End Second (CES) is a fixed second mortgage that lets you borrow a lump sum against your home’s equity while keeping your current first mortgage in place.
If you locked in a low rate on your first mortgage, this option allows you to tap equity without replacing it.
Is a Close End Second a Good Fit?
This option works best for homeowners who want cash from their equity — but don’t want to disturb their existing mortgage.
If refinancing your entire loan doesn’t make sense in today’s rate environment, a second mortgage may.
This loan may be right for you if you:
How Close End Seconds Works
Instead of replacing your current mortgage, a CES adds a separate second loan behind it. Your original mortgage stays intact.
You receive a fixed loan amount and repay it over a structured term.
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Key Features of Close End Seconds
Benefits
Fixed Lump Sum
Flexible Use
Ready to see what works for you?
Mission Loans helps homeowners access equity responsibly — without unnecessary complexity.