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:
What is the Typical Use of These Loans?
Bad Credit is Accepted
No Income Verification
No Employment Verification
Lower Monthly Payments
Private Lender Network
Approval Based on Equity
Great Low Rates
Fast Approval & Funding
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?
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 Mortgage||Second Mortgage|
|Current Home Value $400,000||Current 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/month||Auto Loan = Paid|
|$20,000 Credit Card @ 18% = $600/month||Credit Card Debt = Paid|
|$10,000 Store Card @ 28% = $300/month||Store Card Debt = Paid|
|Total $2,488/month||Total $1,413/month|
You Save $1,075/month!!!