We can help

When you have debt and are not earning enough to service this liability, interest payments can get out on control and you might find yourself overwhelmed by it all. Debt may be the enemy here, but don’t fret.

One of the best options that you have is to sell your home. Depending on the home’s equity, it may be enough to cover a huge chunk of the debts owed, if not all of them. The key, however, is being able to make that sale sooner rather than later to keep these collection calls at bay.

We’ve purchase properties from individuals and families drowning in debt before, and worked with their creditors to negotiate settlement timelines depending on how far along in process they may be. Some need more time to remove belongings from the home while considering a sale, some need fast cash to pay out the lawyers handling the file. Debt situations often require an extra layer of attention to detail as creditors fee’s get quite complex, and there’s often multiple irons in the fire.

If you need someone to close quickly, on your terms, and without paying commissions or making repairs, we can help.

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.

The Details:

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.