If you are looking to refinance or renovate your home, pay off your high credit loans, consolidate your debts, pay off your tax arrears or get some money for your child’s university or tuition in Pickering, then a second mortgage might be just the solution for you. A second mortgage is a second loan taken on a home already mortgaged. A home can have several lenders, with the first lender first in line in case the home defaults on payment and the second and third mortgage lenders next in line in that order.
Pickering Mortgage Brokers
You can rest assured that our second mortgage Pickering brokers have your best interests at heart and can get you the best second mortgage rates in Pickering. Our brokers will be able to assess your second mortgage qualifications and will guide you through the process of getting a second mortgage from start to finish. Our company has helped several clients in Pickering and in the larger Southern Ontario region secure good second mortgages. Regardless of your mortgage needs, we might be able to find a mortgage that is suited for you and your financial situation.
Pickering Private Lenders
It is usually easy to get home equity credit with good credit and at least 20% equity in the home from the first mortgage. However, in certain cases, homeowners have bad credit, are self-employed or unemployed, or have a history of missed mortgage payments, which locks them out of second mortgages by banks and financial institutions. Our Pickering second mortgage brokers can connect you with trusted, reliable private lenders if this situation applies to you. Private lenders offer flexible requirements, helping you find a second mortgage solution tailored to your needs.
Pickering Home Appraisers
A home appraisal determines your home’s market value, influencing the amount a lender offers. The higher the market value, the more money will be available. Therefore, it is best to be well-equipped with the contacts of reliable second mortgage Pickering home appraisers.
Pickering Mortgage Refinancing
With mortgage refinancing, you get a new mortgage loan in exchange for loans you have. It is possible to refinance as much as 80% of the appraised value of your Pickering home. Fortunately, being professionals in this field, our company can be able to assist you with mortgage refinancing.
Pickering Information
Located in southern Ontario, Pickering has a history of establishment dating back to the 1700s. It is believed that the city was originally established as a township in 1811 and named after Pickering in North Yorkshire by its British Colonial settlers. Currently, Pickering has an estimated population of about 89,000 people. The city is primarily industrial, hosting numerous manufacturing plants and their headquarters. Pickering hosts the Pickering Nuclear Generating Station, supplying up to 14% of Ontario’s power. Given its strong business base, Pickering is one of the best cities to do business. Pickering has 17 public elementary schools and two public secondary schools under the Durham district school board, 8 Catholic elementary schools, one Catholic secondary school, and two private schools.
Pickering Real Estate Market
Pickering’s real estate market is among the fastest-growing, with some of the priciest homes in Southern Toronto. House prices in Pickering depend on the specifications of the house and the house’s location. Pickering has industrial areas in the south and agricultural areas in the north. Residential areas include Rouge Hill, Dunbarton, and Fairport Beach in the South and Whiteville, Greenwood, and Claremont in the North. Other residential areas with high listings include Liverpool and Amberlea. In general, however, the average price of a two-bedroom house in Pickering is $600,000. A 3-bedroom house costs around $800,000.
Ready to explore your options for a second mortgage in Pickering? Contact Mortgage Broker Store today to discover the best rates and tailored solutions.