Our team in Hamilton can help you open a second mortgage which is a secured loan that sits behind your existing mortgage. If you’ve got some home equity built up, then we can help you tap in your existing inactive equity, whether you have a bad credit rating or a good one.
A second mortgage can help you improve your credit score. It can also help you to put an end to high-interest debt. Second mortgages can help you with a whole range of other financial needs. With a second mortgage, the possibilities are unlimited, and you can fulfil your dreams with an asset you already own.
Mortgage Brokers
Hamilton has many homes, from small one-bedroom to estate-sized property. House prices can range from below $100,000 for a condo to over $1 million for large homes. Downtown Hamilton has older and smaller homes that have lower market value. Finding a second mortgage broker in Hamilton can be extremely helpful if you’re looking to purchase a condo or house in Hamilton. With our expertise and knowledge, Mortgage Broker Store will handle all rate negotiations to ensure that you receive the best financing needs and second mortgage rates in Hamilton.
Private Lenders
If you are looking for a second mortgage and cannot get a loan from a bank, then you can look into getting a private second mortgage. Even if you have bad credit, Mortgage Broker Store can assist in opening a second mortgage with a lender that handles bad credit loans. We have a network with a large number of private investors and lenders who have helped our clients with private second mortgages. Most private lenders look at the loan-to-equity value in your home as a key factor in approving a mortgage. We have private lenders that will finance a home for up to 75% of its value.
Home Appraisers
Purchasing a home is one of the biggest investments in a lifetime and a home with unknown problems can be a real hassle and source of financial strain. Keep a home appraiser’s number handy before making an offer on your desired house.
Mortgage Refinancing
Mortgage refinancing swaps your current mortgage for a new, improved one. Your new mortgage pays off the old one, and you start making payments to a new lender.
Refinancing can improve your financial situation. It can help you lower your monthly payments, lower lifetime interest costs, get cash out for other purposes and also consolidate debt to save money on interest payments.
Considering refinancing? Call Mortgage Broker Store to find the best solution tailored to your needs.
Hamilton Information
Hamilton, located on the western tip of Lake Ontario, is a Canadian port city. The city is split by the Niagara Escarpment, a forested ridge with conservation areas and waterfalls. The long-distance Bruce Trail runs along the escarpment. Hamilton is home to the HMCS Haida, a naval warship docked on the city’s lakefront, the Canadian Warplane Heritage Museum in the south, McMaster University which is ranked fourth in Canada and the Mohawk College.
Hamilton Real Estate Market
Hamilton’s real estate is set for a shift as outside investors recognize its growing value. While properties are still affordable in Hamilton compared to major markets like Toronto, it may not be like that forever. The city is a fast-growing market and isn’t showing signs of slowing down. A record number of homes were sold in December of 2015. Residential sales of 752 units were 1.9% higher than the same month the year prior. Residential freehold sales were 3.2% higher than the previous December, while sales in the condominium market decreased by 3.4%.
Ready to explore your options for a second mortgage in Hamilton? Contact Mortgage Broker Store today to discover the best rates and tailored solutions.