Hello All,
you could find this article on the benefits of a second mortgage useful:

http://www.greatpublications.com/benefits_of_a_second_mortgage.htm

All the best
Gerry

Nice addition Gerry! Thanks....

From my experiences, trying to get a loan officer to do a second is like trying to get cows to pull Santa's sliegh.

The evil Second rides again,

Muahahahhaa

You need to find another loan officer.

yes you do need a new loan officer....

that would be me,

I wont bitch and moan about a second mortgage!

2nd mortgages make sense sometimes. Sometimes a loan with no PMI makes sense. Sometimes a loan with PMI makes sense. It all depends on the borrower, their credit score, the LTV, and their debt to income level. Noone can say one way makes more sense than an other without knowing all the specifics.