MAK Mortgage · Second-Lien Capital
Investment Seconds.
A second lien behind the mortgage you already have. Bank statement, DSCR, full doc, or a fixed-rate closed-end HELOAN, with a soft-pull digital portal that can move in days.
$75K – $1MLoan amounts
Up to 85% CLTVInvestment property equity
4 – 30 DaysPortal to close
Product Comparison Summary
Two ways to structure a second
A side-by-side of the variable-rate Non-QM HELOC and the fixed-rate DSCR second / HELOAN.
| Feature | Non-QM HELOCsBank Statement / DSCR / Full Doc | DSCR Seconds / HELOANsClosed-End Seconds |
|---|---|---|
| Loan Structure | 30-Year Variable Rate (WSJ Prime + margin) | 30-Year Fixed Rate |
| Rate Range | ~9.5% – 10.75% (Bank Statement ~10.375% variable) | ~9.375% – 10.375% (DSCR ~10.375% fixed) |
| Credit Pull | Soft Credit Pull via digital portal (no impact to score) | Hard Credit Pull (Tri-merge report required upfront) |
| Time to Close | 4 to 30 Days (Digital portal pre-flight & AVM available) | Standard UW Timeline (Full document review) |
| Max CLTV / HCLTV | Investment: Up to 85% CLTV | Investment: Up to 80% CLTV |
| Loan Amounts | $75,000 – $1,000,000 | $75,000 – $1,000,000 |
| Prepayment Penalty | None (270-day principal payback restriction) | 3-Year PPP on DSCR (No PPP on Full Doc / Bank Statement) |
| Valuation Type | AVM + Inspection for lines ≤ $400k; Full Appraisal for > $400k | Full Interior Appraisal / Standard Valuation |
Key Details & Distinctions
What separates the two structures
The terms that change how each second lien behaves over its life.
Non-QM HELOCs
Bank Statement & DSCR- Interest & Draw Terms
- 3 to 5-year Interest-Only draw period followed by a 20 to 30-year amortization schedule.
- Application & Credit Impact
- Initiated via digital portal using a soft credit pull and automated valuation model (AVM).
- Income Qualification
- Accepts Full Doc, 12/24-month Personal or Business Bank Statements, P&L, or DSCR (minimum 1.10x).
- Draw Restrictions
- No additional draws are allowed during the first 90 days post-closing.
DSCR Seconds / Closed-End HELOANs
Fixed-Rate Seconds- Fixed Security
- Provides borrowers with fixed monthly payments rather than variable rate exposure.
- Underwriting Requirements
- Requires full upfront submission including 1003 PDF, hard tri-merge credit report, 1st lien mortgage statement, and Form 1007 market rent or active lease agreement.
- Prepayment Structure
- DSCR closed-end options carry a 3-year prepayment penalty (PPP).
See what your equity can do.
Tell us about the property and the second lien you need. We will come back with indicative terms.