If you are considering a second mortgage, you will need to work with reputable brokers and Mortgage Makers The Mortgage Centre can help! Our team will assist you in securing a second mortgage and provide you with all of the information you need so you can have peace of mind.
A second mortgage would allow you to use your home's equity as collateral. This equity can be used for various purposes, including home renovations, investments and high-debt consolidation. Whatever your reason may be, we will help you obtain a second mortgage. Our mortgage brokers are extensively experienced, reliable and friendly. We’ve seen it all and you can trust that we will take care of you and your needs.
We have been serving clients in the Edmonton area for more than 30 years, so you can rely on our in- depth knowledge on the area and industry. If you require fast funds, a second mortgage may be the right option for you; we will provide you with detailed information to make an informed decision. Whether you need to make costly home upgrades, want to invest in another property, or to send your child to college, a second mortgage can provide you with a sure way to access a large amount of money on a loan. For most people, their home is the most valuable asset they currently have, so you would be able to use this as collateral.
In terms of access, second mortgages are generally awarded as a single large payment or through a line of credit. A single lump sum is ideal if you need to make one large purchase, whereas a line of credit would be useful if you need to make payments in installments, such as school tuition. We can discuss the amount of your loan based on the value of your house and then help you select the type of interest rate that would fit the best for you.
If you are interested in a second home mortgage and are wanting to live or currently live in the greater Edmonton area, we can help! Contact us today free of charge to hear more about our rates and services!