Cabmbridge, Waterloo and Kitchener Second Mortgage

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

Is the Burden of Debt Making Your Life Difficult?

If you are stressing about how you can remove the huge burden of debt off your shoulders then you may find relief in knowing that if you have equity in your home, you are approved for a second mortgage by our private lenders that are offering bad credit mortgages and home equity loans in Kitchener. You can then use this loan to pay off your high interest credit card debts and take the proper steps to become debt free. The equity you have built in your home allows you to take out funds even if you are have or are currently suffering from:

Bankruptcy
Power of Sale
Tax Arrears
Mortgage Arrears
Low/No Income
No Employment
Bad Credit/No Credit

If you live in the waterloo region: Cambridge, Kitchener or Waterloo then you should know that I work with a large array of private lenders that are able to provide funding though a second mortgage to you very quickly as long as you have equity in your home. Since the amount you can borrow is based on how much equity you have, you don’t need to worry about your income or credit getting in the way of or limiting your borrowing power, this is also a great option if you are looking for a bad credit mortgage.. Call me today or fill out the form so that we can start working on your file immediately and get you the funds you need.

What is the Advantage to You?

There are many reasons why homeowners choose to take out a second mortgage in Cambridge, Kitchener or Waterloo, but here are some of the advantages associated with taking out an equity loan. If you have a good interest rate on your fist loan you can rest assured that your first loan is not touched since as the name gives it away a second mortgage is taken out on top of the existing loan and thus no changes is made to your current loan. If you now have poor credit, then the loan is like a bad credit mortgage provided by private lenders that can provide you with needed funds with out and credit or income requirement

You can use the funds to consolidate all high interest debt into a single loan with more favorable rate and substantially lower your monthly payments so that you can become debt free sooner.

You can use the second mortgage to resolve any outstanding issue that requires attention such as paying a judgement or collections against you, carry out much needed renovations or use it for down payment toward your next investment purchase.

You have fast and easy access to cash since the only real qualifying factor is having equity in your home and thus you are able to access the funds in as soon as few days or a week.

How Can I Get Approved If I Have Bad Credit History and No Income?

The short answer is that as long as you have equity you are approved, you are qualified for a second mortgage. Although your bank would not be able to provide funding as they are governed by very strict lending policies that force them to qualify borrower’s income and credit, the Kitchener second mortgage and private lenders look through a completely different glass, they are strictly equity lenders and can provide bad credit mortgages. The fund provided is secured against the equity in your home and thus the private lender feels comfortable providing you with the loan you need.

What is the LTV Provided?

Currently many private lenders consider Cambridge, Kitchener and Waterloo as communities with strong economy, job force and a healthy growing population which continues to push the real estate prices upward and thus the lenders feel comfortable to go to very high LTV ratios when lending in these areas.


How Long Before the Funds Can Be Advanced?

Rest assured that I work hard to get you approved quickly and I have quick closing mortgages so that you can receive the funds you need in time.

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!!!