A second mortgage is a home equity loan that allows homeowners to borrow money from the existing equity of their home, without refinancing their current mortgage. We can also help you, even if you do not qualify through banks due to credit and/or income issues. You can qualify up to 85% value of your property for a Second Mortgage.
Why get a Second Mortgage?
- Debt Consolidation
By paying your credit cards, charge accounts, loans and other debts, a Second mortgage can reduce your monthly payments into one lower payment.
- Resolve Financial Problems
Second Mortgage can help relieve the stress of a difficult financial situation, such as a bankruptcy, past due on income or property taxes, and help to get you back on track with your finances.
- Home Renovations
Second Mortgage can help you to use the equity in your home to improve, renovate or repair your home. This is a great way to increase the value of your home.
- Self Employed Business Owners
There is always a need for more cash-flow when you’re self-employed, but the banks have tough rules and require a lot of paperwork. Second mortgage can give you the additional capital to grow and support your business.
What is the process of getting second mortgage?
Process of getting the second mortgage is same as first mortgage. You will need complete mortgage application and home appraisal.
Call Us Today for a Free No-Obligation Quote and Let Us Assess Your Needs to determine a best solution for you.