We can guide you through the process of obtaining the right second mortgage for your needs.
When your Meaford, Ontario home is worth more than you currently owe on the initial mortgage, you have the option of taking advantage of that equity by obtaining a second mortgage. You could have more equity it in now because you have been paying the loan down, the values of real estate have risen significantly in your area, you have done or plan to do a major renovation, or you put funds down on the home to begin with.
At Donna Mullen & Associates, we have decades of experience as independent mortgage brokers, so we are in an ideal position to guide you through the process of obtaining a second mortgage with the most favourable terms. We have established relationships with multiple lenders so we can match you to the right second mortgage for your situation.
The first step is to schedule a free, no-obligation consultation so we can go over how a second mortgage works, address your questions, and help you determine if this is the right solution for your needs. One bit of information that we have found surprises some homeowners is that you can use the funds from a second mortgage in any way you like, including paying down high-interest credit account balances, renovating your home, paying your child’s university tuition, settling medical bills, or investing.
We welcome the chance to tell you more about what a second mortgage entails, including the rights, responsibilities, advantages, and drawbacks. We want you to be able to move forward with confidence that your decision helps you stay on track with your financial goals. Contact us today to learn more.