Get Approved For That Much-Needed Second Mortgage
Taking Out a Second Mortgage On Your Home
Many homeowners have considered taking money against the equity in their home in the form of a second mortgage or home equity loan in order to use the money for some other large expenditure. A second mortgage is essentially taking out an additional loan on top of the original mortgage that you already have on your home. Your home is basically used as collateral for this second mortgage, putting a lien on your property.
There are a couple of reasons why homeowners may consider taking out a second mortgage or an equity home loan, such as:
Financing a Home - Many times lenders won't provide home buyers with the amount needed to buy the home that they want. In a case like this, home buyers may look to take out a second mortgage in order to get the total amount of borrowed money needed to purchase the property. Perhaps you've found a home that costs $400,000, but your lender for your first mortgage will only give you a mortgage for $300,000. Some of the remaining $100,000 can come in the form of a second mortgage.
Extra Cash Needed - Perhaps you have a major expenditure that requires a large lump sum of money that you simply do not have in liquid form. Many times taking out a second mortgage - known as a cash-out second mortgage to the pros - is exactly what is needed to pay for things like your child's college education, a major home renovation or for emergency medical reasons.
Get Expert Assistance With Second Mortgages
If you're in need of a second mortgage Oakville Burlington, and have been turned down by the banks, call on Lee Anne Taylor at Home Loans Ontario. She makes the process of applying and getting approved for a second mortgage easy and efficient. As part of Dominion Lending, Lee Anne has access to many lenders all across Canada, including big banks, trust companies, credit unions, private lenders and others – so she can shop your home loan to find the best deal. Lee Anne will sit down with you, identify your precise financial situation, and do her best to get you that second mortgage you need at the lowest rate possible. Lee Anne can save you thousands in interest over unsecured loans – all at no cost to you!
Give Lee Anne a call today at (905) 336-8948, or visit her online at www.HomeLoansOntario.ca!
Many homeowners have considered taking money against the equity in their home in the form of a second mortgage or home equity loan in order to use the money for some other large expenditure. A second mortgage is essentially taking out an additional loan on top of the original mortgage that you already have on your home. Your home is basically used as collateral for this second mortgage, putting a lien on your property.
There are a couple of reasons why homeowners may consider taking out a second mortgage or an equity home loan, such as:
Financing a Home - Many times lenders won't provide home buyers with the amount needed to buy the home that they want. In a case like this, home buyers may look to take out a second mortgage in order to get the total amount of borrowed money needed to purchase the property. Perhaps you've found a home that costs $400,000, but your lender for your first mortgage will only give you a mortgage for $300,000. Some of the remaining $100,000 can come in the form of a second mortgage.
Extra Cash Needed - Perhaps you have a major expenditure that requires a large lump sum of money that you simply do not have in liquid form. Many times taking out a second mortgage - known as a cash-out second mortgage to the pros - is exactly what is needed to pay for things like your child's college education, a major home renovation or for emergency medical reasons.
Get Expert Assistance With Second Mortgages
If you're in need of a second mortgage Oakville Burlington, and have been turned down by the banks, call on Lee Anne Taylor at Home Loans Ontario. She makes the process of applying and getting approved for a second mortgage easy and efficient. As part of Dominion Lending, Lee Anne has access to many lenders all across Canada, including big banks, trust companies, credit unions, private lenders and others – so she can shop your home loan to find the best deal. Lee Anne will sit down with you, identify your precise financial situation, and do her best to get you that second mortgage you need at the lowest rate possible. Lee Anne can save you thousands in interest over unsecured loans – all at no cost to you!
Give Lee Anne a call today at (905) 336-8948, or visit her online at www.HomeLoansOntario.ca!
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