Bradford, New Tecumseth, Innisfil and Barrie Second Mortgage

No Income/Credit Needed - Access the Maximum Equity in Your Home. You are Approved Based on EQUITY NOT Credit.

Is Your Debt Keeping You From Sleeping at Night?

If you are stressed and losing sleep because you are going through a major financial crisis, then you ought to know that your home equity allows you to take out a second mortgage provided by private lenders to pay off your high interest debt and credit card loans. With the Barrie second mortgage program, You are approved no matter what your income and credit situations are; in fact you may have had or are currently faced with:

Bankruptcy
Power of Sale
Tax Arrears
Mortgage Arrears
Low/No Income
No Employment
Bad Credit/No Credit
The fact is that so long as you have equity in your home, you are qualified for a second mortgage or a bad credit mortgage in Barrie, Collingwood, Bradford, New Tecumseth, Innisfi, Midland, Penetanguishene, Wasaga Beach and Spring Water regardless of your credit or income. I work with a large pool of private lenders that for Barrie and surrounding towns do not consider income, employment or credit for qualifying applicants and strictly approve them based on equity alone.

What is the Typical Use of These Loans?

Each borrower in Barrie, Collingwood, Bradford, New Tecumseth, Innisfi, Midland, Penetanguishene, Wasaga Beach and Spring Water has his or her own individual reason for obtaining a second mortgage or a bad credit mortgage as financial decision is very personal. However, the more common use of these private lender loans is to consolidate all high interest debts such as store cards, credit cards and others into a single loan with a lower interest rate which in turn lower the monthly payments. Other still common uses are to pay any judgement case against the borrow or to use the funds for home improvement as well as use it for investment such as paying a down payment on a new property.

What Makes Second Mortgages a Viable Choice for Borrowers

A major selling point with these second mortgages is the amount of money a borrower is allowed to take out. In the case of a regular mortgage the amount of funds a borrower is allowed to take out is curbed by their level of income and debt ratio; however, in the case of private lenders, 2nd mortgage and bad credit mortgage since you are not qualified by those criteria, the amount you can take out depends on the amount of equity exist in your property. Thus, you may be able to take out a very significant amount if your property has appreciated over time.

Another popular feature of these home equity loans is that you don’t need to make any changes to your existing first mortgage. Thus, if you received your first loan at a low interest rate, you can rest assured that the terms and rates associated with your first mortgage remains untouched since your second mortgage is completely separate from the first.

What Locality and Types of Residences Are Qualified?

All of Barrie and Simcoe County including but not limited to Bradford, Collingwood, Innisfil, Midland, New Tecumseth, Penetanguishene, and Wasaga Beach are qualified as well as all owner occupied residences , some rentals and student housings are also considered. I work with many second mortgage lenders in Barrie that are ready to meet the financing needs of the nearby residence. If you live in these areas and need free consultation, please feel free to fill out the form above or call me so that we can discuss your financial requirements


Quick Turnaround and Funding

I fully acknowledge that time is of essence when you need access to the funds and hence I would do all it takes to get your application approved fast and I also have many private lenders in Barrie that are able to provide quick closing mortgages

Pay Off All High Interest Debts and Get a Fresh Start on Life

Take Back Control of Your Life - Substantially Lower Your Monthly Payments using a Low Rate Equity Loan

Current MortgageSecond Mortgage
Current Home Value $400,000Current Home Value $400,000
$200,000 Existing 1st Mortgage = $1,163/month$200,000 Existing 1st Mortgage = $1,163/month
Before Taking Advantage of Home Equity$50,000 2nd Mortgage = $250/month
$20,000 Auto Loan @ 10.0% = $425/monthAuto Loan = Paid
$20,000 Credit Card @ 18% = $600/monthCredit Card Debt = Paid
$10,000 Store Card @ 28% = $300/monthStore Card Debt = Paid
Total $2,488/monthTotal $1,413/month
You Save $1,075/month!!!