Wondering whether you can get a second mortgage on your property in Milton? Our team of experts have a solution just for you! A second mortgage lets you use home equity to finance your business, pay credit cards, renovate, or fund education.
Milton Mortgage Brokers
Our Milton team’s expertise and experience in arranging second mortgages ensure you’re in safe hands.
Milton Private Lenders
A common problem homeowners face when trying to get second mortgage financing is thorough scrutiny by mortgage lenders, who are quick to disqualify in the event of debts and low credit scores. Furthermore, a number of private lenders have very strict requirements that lock many homeowners out of obtaining second mortgages. We have good networks with trusted and reliable private lenders and have previously assisted clients with low credit scores. Even with debts or bad credit, our team may still be able to help you get a second mortgage.
Milton Home Appraisers
Before taking a second mortgage, it is crucial to get your home appraised. The purpose of the home appraisal is to estimate the market value of your home. The home appraiser establishes the sale price of other houses in the neighbourhood and makes slight adjustments to factor in the current state of your house. The mortgage lender will use the appraisal to decide whether or not to approve a mortgage application and exactly how much money may be borrowed.
Milton Mortgage Refinancing
Mortgage refinancing lets you pay off debts with a new mortgage from some lenders. If you have very high-interest debts, you will save money by refinancing these debts into a lower-rate second mortgage. You will be able to access funding based on your home’s equity. Our team can connect you with low second mortgage rates in Milton.
Milton Information
Milton is one of the fastest-growing towns in the Halton Region of Southern Canada and near Downtown Toronto and the Niagara Escarpment. Between the years 2001 and 2006, the municipality witnessed a 71.4% increase in population, making it the fastest-growing Greater Golden Horseshoe municipality for the period. It currently has a population of about 125,000 people. The municipality has a rich history, with settlements dating back to the 1800s. These early settlers gave the town its name in honour of the English poet John Milton.
Milton is serviced by a number of roads, including Highway 401, Highway 407, Highway 25, Derry Road and Brittania Road. Town dwellers also take advantage of the Milton Transit and the freight trans available at Oakville Station. Milton is home to a number of schools, conservation and recreation parks, and local events, such as the Milton Fall Fair and the Milton Steam-Era, to name but a few. Milton, originally industrial and farming, still hosts key Canadian company offices and divisions.
Real Estate Market
Milton has neighbourhoods like Hawthorne Village, Dorsey Park, Valley View, Old Milton, and Dempsey. Hawthorne Village, also known as Harrison District, is one of Milton’s fastest-growing neighbourhoods and Milton’s best seller of real estate. It houses an estimated 3,500 families. Dempsey is named after one of the initial inhabitants, John Dempsey, an Irish immigrant and one of the pillars of the town’s development in the 1800s.
New neighbourhoods like Ford and Coates, plus developments like Bowes and Willmott, aim to accommodate Milton’s growing population.
Depending on the location, housing prices in Milton range from $500,000 to $1,500,000 for a three-bed, three-bath house. Detached houses cost between $600,000 to $1,000,000 on average, semi-detached houses and townhouses between $400,000 and $800,000 and apartments go for $300,000 to $400,000. There are about 28,000 private residences in Milton, with 84% of the population estimated to be homeowners.
Ready to explore your options for a second mortgage in Milton? Contact Mortgage Broker Store today for the best rates and solutions tailored to your needs. Whether you want to renovate your home, consolidate debt, or fund your business, we’ve got you covered.