We can help you apply for a second mortgage and then match you to a lender that has the most favorable terms.
There are two situations in which you might be able to obtain a second mortgage on your Thunder Bay, Ontario home. The first is when you have built up equity in it either by paying down the loan or because you put a significant amount down to begin with. The second is when property values have increased so your home is worth more than what you owe on it. A second mortgage lets you tap into the equity you have achieved one way or another.
At Donna Mullen & Associates, we can help you apply for a second mortgage and then match you to a lender that has the most favorable terms. That’s what most mortgage brokers do, but we also take it a step further. We love being a valuable resource for helping our clients get on a solid financial footing, so we are happy to meet with you to advise you on whether a second mortgage is your best option or if there is another way to go to achieve your objectives.
There are unlimited options for how to use your funds from a second mortgage. It can be a great way to cover upgrading your home, consolidate debt, cover a medical bill or other unexpected expense, or purchase something you have been wanting.
If you would like to know more about what a second mortgage would look like in terms of staying on track with your financial goals, don’t hesitate to schedule a consultation with us. We will be happy to go over what to expect and what the next steps are in securing a second mortgage.