Interested in a second mortgage?
A second mortgage service is one that lets you register another mortgage on your property, should a current mortgage already exist. A second mortgage can offer you up to 80% of the home’s appraised value, subtracted from the amount owing on the existing mortgage. For example, if your home is worth $100,000, we would loan you 80% of that, minus the mortgage you are currently paying.
So How Do I Get A Second Mortgage?
It’s pretty simple. The basic condition is that you must own at least 20% equity in your home, and the property must be in securable-loan worthy condition. Sometimes, you may require approval from your current mortgage provider, but we can help you with the logistics. Bottom line, if you need funds and have inaccessible built up equity, we can help facilitate this.
Second mortgage loans are usually available at a slightly higher interest rate than a primary mortgage because there is a higher risk posed to the lender should a payment default occur. These mortgages are prime candidates for people with high-interest credit card payments, high-interest car loans, a requirement for “just in case” funds, renovations, second homes, bridge financing between purchase/ sale, etc.
So many families have already enjoyed the benefits of a second mortgage in short or long-term situations. Should you have some questions for us, or want to know more about the process please send an email, a text, or give us a call.
See below for details on how this service works.
HOW THIS SERVICE WORKS:
Contact us using the form here and fill it in as best as possible.
Someone will reply back to you asap about checking out your property. Sit tight, we’re coming.
General on site meet and greet/ discussion about what service you need help with. Followed by a solution to help.
“I can move on with confidence”
“Thank you for your service. It was satisfying to be treated professionally and courteously at all times by you after being treated like a second class citizen by creditors. I can move on with confidence.”
“Proved to be the most helpful”
“This was the first time we had to sell, coupled with the complication of going through the splitting of finances. We came across the RW Carr Investment Co. website and saw the ‘Services’ section with ‘We Buy Houses Fast’. He proved to be the most helpful, efficient and professional in explaining, and carrying out the process. He was also supportive both before and after the sale.”
“This was the only sale we had had to make since we lived in our home for 43 years. Ryan was always very quick to respond to everything we asked and explained them in detail. The whole closing process went very smoothly. Certainly can recommend him highly.”