Need a Second Mortgage?
We understand that there are situations when you will need a second mortgage. Our Second Mortgage program allows you to take up to 95%* of the equity out of your home (*ONTARIO ONLY!) regardless if you are Self Employed, have poor credit or are previously Bankrupt.
|Current Mortgage||Second Mortgage|
|Home Worth $400,000||Home Worth $400,000|
|Current Interest Rate 3.0%||Current Interest Rate 3.0%|
|Current 1st Mortgage Payment $1,050||Current 1st Mortgage Payment $1,050|
|$250,000 Mortgage Balance||$250,000 Mortgage Balance|
|$50,000 Mortgage Requested||2nd Mortgage Payment $250|
|$25,000 Tax Arrears $500/month||$25,000 Tax Arrears Paid|
|$25,000 Credit Cards $750/month||$25,000 Credit Cards Paid|
|Total $2,750/month||Total $1,300/month|
You Save $1,450/month!!!
Our Second Mortgage Rates Start At: 4.99%
Here are some other reasons why you may want a 2nd Mortgage
- Pay Out Consumer Proposals
- Pay Off High Interest Debt Without Refinancing
- Pay Off Property & Income Tax Arrears
- Pay Off Judgements, Garnishments, and Liens