To get an idea for what loan packages you qualify, you'll need to contact a Dallas mortgage lender. Once you find a prospective home and sign a contract, the lenders can offer a loan package. Before that time, though, they can only provide advice on what size mortgage you can afford.

There are many different situations that second loans are used for such as doing what is called a consolidation. A 2nd mortgage is a loan that can be taken out against your home. Taking out another loan is just like taking out the first home loan.