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.
“Owning my own home is now possible!”
“I had always dreamed of owning my home but didn’t think it would be possible. With Ryan’s help, I was able to have a rent-to-own agreement set up where I will own my own home!! A real dream come true!! Thanks to everyone who made this possible.”
“Such an amazing response!”
“My husband and I needed to sell our house as soon as possible and Ryan’s team came in and gave me quite the offer! In a matter of a few weeks, my house was sold, cash in hand, and we were able to pay off some of our debts. Thanks for the amazing response!”
“Ryan was very trustworthy! He came and assessed our property and provided us with a very reasonable offer. I would recommend him to anyone who is in a pinch!”