We are mortgage lenders who have taken the time to understand the borrowing habits and needs of our clients and the residents of Toronto. There are many clients who have discovered the essence of second mortgages, yet require further consultation so as to ensure they have made the right choice where borrowing is concerned. If you are in Ontario and wish to consolidate your debts, invest in a business venture, or renovate your home, we are pleased to be your reliable lenders. With the option of the second mortgage, you will be able to accomplish so much more than a traditional loan. It is important to note that it is imperative to consult with a competent mortgage broker to arrange for the right mortgage that will be in second position to your existing first mortgage. If you ever have 2nd mortgage questions, we are always here to assist you.
From whatever angle or perspective you may want to look at it, we are able to get you approved for a second mortgage with good or bad credit and in many cases without the need of debt servicing income. There is no need to worry about your credit rating or other strenuous income requirements. Your home’s equity is what will be taken into consideration for approval purposes and for determining the loan amount that you will qualify for. Our mortgage advisers will help you make the right decision with respect to your personal situation and we will assist you with a second mortgage calculator to find out the monthly payments and the rates.
We have been in this industry for a couple of decades, and we will give you the best rates and terms in the marketplace. When you need to secure funds, you can trust us to give you the best solutions. We have monthly payments and we can provide amortized principal and interest payments. You may also opt for interest-only payment, which ensures that you have the lowest monthly payments. Since we are looking to serve your needs, we can also offer a tailored repayment plan so as to make the payments affordable and comfortable for you.
We are leading second mortgage brokers and lenders in Toronto, Ontario, when it comes to funding difficult situations. If we can’t fund you, its highly unlikely that anyone else would be able to either. If you are new to this term, a second mortgage is a second collateral charge on the property, while the first mortgage is in first position as a first collateral charge. In essence, the second loan is easier to secure and the requirements are not as stringent as the initial loan. We will use the house as security or collateral because we need something with equity that you can borrow the funds against. There are various ways to grow the equity of your home including initial down payment, payment of the principal, or the appreciation of the value of your home.
There are different companies that offer mortgages, however, very few have specialized in the second mortgage domain. You can get a loan of up to 85% of the value of your property in a second mortgage funding process, if applicable in your case. If you are not sure about the equity in your home, contact us to discuss your particular property and assist with the use of a second mortgage calculator to determine your monthly payment. Generally, to get the equity of your home, it is the total value of the property minus the outstanding mortgage and any other lien registered on your property. Whether you need a small amount or hundreds of thousands of dollars, we are the best 2nd mortgage brokers in Toronto that can assist you in a seamless fashion.
About Us
We are a private company and we are happy to help homeowners in their time of need. Our professional lenders are committed to making sure that you have the right solution for your 2nd mortgage needs. We have been serving the residents of Toronto and the surrounding neighborhoods for decades and have over 400+ mortgage lenders in our network. We are pleased to offer convenient and affordable loans to our clients. Over the years, we have built solid and lasting relationships with our clients.
2nd Mortgage Toronto Benefits
There are so many benefits of securing a second mortgage over a conventional loan. This has proved to be the most effective and quickest way of obtaining funds that you may need to fund renovations or payoff high interest debt. The beauty of this option is that you will just need to use your property that has the required equity to get the funds you need. You can choose to use the money any reason you see fit with minimal restrictions. We have clear and flexible lending guidelines and we will see to it that your loan is inline with what we negotiate on your behalf.
Home Renovations
You can use the second mortgage to renovate your home and give it a new look and appeal. This will go a long way in increasing the value of your home.
Consolidate Debts
If you have multiple debts and you would love to consolidate them into a single monthly payment, a second mortgage will come in handy. This will lower the rates of monthly payments.
Investment
Whether it is a business investment or you would want to invest in your child’s education, this is the easiest and quickest way to secure funds.
Second Mortgage Rates
One of the biggest worries for most people, when they are looking to borrow, is the rate that is applicable to their loan. We have different options and we can assure you that we will provide you with the best second mortgage rates that serve your needs. We maintain our Ontario wide pledge that we will find you the best rates and terms for your second mortgage and will beat any competitor’s written quote.
Our second mortgage interest rates are offered against the equity in your property. As such, the interest rates are lower than other unsecured loans and credit card options. The fact that the 2nd mortgage has some form of collateral behind it, makes it less risky and this is why it is affordable for most. We are glad to serve you with the best options. Call or chat with us today to get started with the best mortgage terms in Ontario.
“Great Job”
They took the time to understand my second mortgage needs for our home in Toronto. Great customer service!
“Best Second Mortgage Options”
They provided us with mortgage options that were far superior than our last mortgage refinance. They provided a best rate pledge that allowed us to get the best rates and terms in the market.
“Great Mortgage Loans”
I was worried about the process for a 2nd mortgage loan for our home in Toronto. The agent handled everything from start to finish. Even finding us a competent lawyer near our home.
Get Started
If you are looking for a second mortgage Toronto Broker to assist, you have come to the right place. Contact us today and we will be happy to assist you. We are experienced and our services are aimed at serving your overall lending needs. Talk to us today to learn more about our 2nd mortgages.