A second mortgage is a secured loan that sits behind your current mortgage. This means that your first mortgage will be untouched but however, you will have the ability to access equity from your property.
If you have some equity built up in your property then mortgage broker store can help you borrow a second mortgage. Most second mortgages are based on equity and not credit, and you can be approved even if you have a poor credit score.
Mortgage brokers can help you find the Second mortgage loan of your dreams. They have access to and knowledge of the entire local market. They will also advise you on which lenders will approve your case based on your individual circumstances. It is advisable to choose a reliable mortgage broker like Mortgage Broker Store who has solid references and we will guarantee our second mortgage loans estimates offered to you.
When a bank declines you for a second mortgage loan, you can still get approved by a private mortgage lender. Private lenders, unlike banks, do not rely on income or credit scores and are able to approve a private second mortgage loan on the basis of the equity in your home. Our Team has contacts with the best private second mortgage lenders in Windsor who have helped 90% of our clients to receive a second mortgage within just few weeks.
A Pre-purchase home inspection can give you some of the most important information needed to protect you and your family. It will give you information on the overall construction, structural integrity, and deferred maintenance of the home thus in turn saving you money for potential expenses. Hence it is very important to keep a home appraisers contact information ready.
Mortgage refinancing helps you pay off your current mortgage and substitute it with a new one.
Refinancing can help you borrow more money to fulfill a variety of goals such as home renovation, to travel, pay off tuition fees or even to purchase a new property. Refinancing also helps you to consolidate all debts which in turn will help better your credit score.
Call our mortgage specialists today to be updated about the best options you have in regards to a second mortgage or if your considering Refinancing.
Windsor is located in the southernmost part of Canada. It lies on the southern shore of Detroit River, right across from Detroit Michigan in the USA. According to UN Data as of 2011, the population of Windsor is about 210,890 and the city’s economy is mainly based on tourism, manufacturing, education and government services. It is also Canada’s largest automobile manufacturing centers.
Windsor is currently a hot housing market. The local sales in June 2016 went up, reaching a 19 per cent as compared to the same period last year. The average prices of homes in Windsor also increased to 15.9 per cent to $218,034 in June 2016 compared to the same period last year. Despite this increase in prices and sales, Windsor still remains to be the most affordable in Ontario and Canada.