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you should consider a 2nd mortgage when:
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your current 1st mortgage is at a low rate, and your
renewal date is far ahead
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your credit has become challenged or poor, and you may
not qualify for a low interest 1st
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you have good equity built up in your home
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your need for extra funds is limited to not more than
30% of your 1st mortgage balance
What can you do with funds from a 2nd
mortgage?
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Homeowners looking for low cost, quick closing financing
for renovations, travel plans and other investment opportunity
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Homeowners looking to consolidate high interest credit
and auto loans
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Repayment of property taxes or income taxes that have
fallen behind
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any other worthwhile purpose
What kind of credit qualifies?
Anyone with excellent or very poor credit, as
long as there is sufficient equity in your home
income qualify?
Full document programs
Light document programs
Equity based
Lending Values
Up to 85%LTV of your home in major urban
centers
between 65- 75% in rural areas
Amortization
Property Type
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single family, duplex up to 4 units, townhouse,
apartment condo, commercial properties, farms, and acreage
Rates:
starting from 5.50%
** lender and broker fees may apply
 
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EQUITY BASED 2ND
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FULL DOC 2ND
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UP TO 85% IN CITIES
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NO AMOUNT IS SMALL
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FROM 10,000 TO $1M+
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