2nd mortgages and Private Financing
2nd
mortgages.
Planning to Purchase a house? Is your down payment not quite enough to get
qualified?
Let us help you increase your down payment amount by lending
your a 2nd mortgage so your house ownership dreams are not lost!
We can lend you up to 95% of the appraised value of your home
in Toronto or anywhere in the GTA.
Elsewhere in major urban centers up to 85%.
Refinancing or debt consolidation?
Consider a 2nd mortgage as a viable way to tap into
your home equity for extra funds you can use for various
purposes:
- pay off other consumer
debt
- pay out property taxes
or personal income taxes
- renovate your home
- raise funds for a down
payment on a second home or cottage
- asset enhancements or
other investments
- all other purposes
Why a 2nd mortgage may make most sense
- your current 1st
mortgage has still time to run to maturity and the cost to
discharge it may be too high. A 2nd mortgage may be
the right answer and you can leave your 1st intact.
- your credit has been
downgraded since you last qualified for your 1st mortgage.
Refinancing it and opting for a new 1st may make no sense as
the rate of borrowing may be considerably higher in lieu or
your current credit profile.
- You need funds quickly
and without many of the requirements needed to qualify and
fund a new 1st mortgages. Regardless of your credit or
income, most 2nd mortgages can be arranged regardless of
these issues. So long as you have equity, we will get
you your funds.
- A quick, easy solution
for those needing quick funds and who may be expecting
monies in the near future ( inheritance, legal settlements,
employer settlements, tax rebates etc) that will be used to
pay off the 2nd mortgage in due time.
Private Mortgage Refinancing
Have a tough situation? Keep hearing NO? Tried
everything else?
Private mortgage refinancing
may the answer you are looking for! Credit and or income
are generally two criteria that may prevent you from getting
approved.
With private funding we can
generally discount your credit and or income. Our lenders
are primarily concerned about the value and location of your
home. When you own equity we can fund you deal.
Give us a call today and discuss your needs.
Call our refinancing experts today!
1-877-237-2601
