If you have a home and you are facing financial problems there are few ways in which you can get quick cash.You can take a loan or sell some valuable items or you can go for a second mortgage.With the help of second mortgage you can get much more cash than the loan or selling of valuable items.However you need to be aware of few things. One should understand properly that second mortgage and remortgage are not same.They are totally different.In a remortgage you have to transfer to a different lender for a better interest rate whereas in second mortgage you have two mortgages to worry about. You have to go through the same procedures that you have to pass through at the time of buying a home.You have to do the same things again and then you have to apply for a second mortgage.If the loan offers good value to your lender and you and you have a good credit then you will not have a problem.But if you have a bad credit then you might face problems.