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A second mortgage is a loan on a property that already has an existing mortgage. Our application process is simple and easy. We are able to structure second mortgages to help borrowers by offering competitive rates.
If you need a second mortgage under urgent circumstances, we can help. Please let us know the timelines you’re working with and we will respond quickly and efficiently to support you.
We can help you understand your situation and talk with you to create a strategy that benefits your individual situation and financial goals.
A second mortgage is a loan secured on property, it takes the form of a home equity loan and the two are synonymous.
A second mortgage also provides an alternative to refinancing, which may involve break costs, exit fees and other legal fees. Second mortgages can be a more cost effective option. Accessing equity in your home means you can also work towards paying down and consolidating your debts.
When considering loans for a second mortgage, lenders will consider lending if they can secure; significant equity in the first mortgage, low debt to income ratio, high credit score or solid consistent employment history and income.