Second Mortgages

Quick Cash with or without payments!

If you need to access some equity in your house but don't want to refinance or break your first mortgage to do so, a second mortgage may be a good option for you.  A second mortgage is simply another lien against your property which goes behind your first mortgage; this means in the event of a sale or bankruptcy the first mortgage holder gets their money first and the second mortgage holder gets what's left up to their owed amount.

Most banks & institutional lenders don't offer second mortgages; in most cases they have to be acquired through a private lender or Mortgage Investment Corporation.  Terms are usually shorter for seconds (1 to 2 years) and can be interest only, principal + interest and even come with a NO PAYMENT option.  Rates are typically higher because the lender is taking on additional risk by taking a second position on your property.

Who Qualifies?

We can arrange 2nd mortgage financing in just about any situation:

· Bruised Credit OK!

· Debt Consolidation OK!

· Property or Mortgage Payment arrears OK!

· No Income OK!

· Power of Sale OK!

· Self Employed OK!

Second Mortgages up to 85% Loan to Value (Depending on property location)

No Payment Option available

Quick Turnaround from application to funding

Want more information?  Contact Us if you have a question or Apply Online Now.