Second Mortgage

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Need a Second Mortgage?

Financing Made Easy!

If you’re thinking of getting a second mortgage in Hamilton, you will want to get one that saves you money. There are several main reasons why you might need or want a second mortgage. The most popular reasons include making major home renovations such as adding on extra space or upgrading the kitchen. Other reasons could include getting money to finance your children’s college or university costs. You might be dreaming of getting that dream cottage where you can get away, or even to buy a second home to get rental income and make a profit when sell it later down the road.

How It Works

  1. Call us or apply online
    Talk to one of our friendly advisors to help us understand your situation and your goals.
  2. Follow our process
    Follow our simple yet effective process to qualify for the best offers.
  3. Receive your funds
    Once you sign your paperwork, the funds will be released usually within 5-8 business days.

How Does a Second Mortgage Work?

A second mortgage allows you to use your home’s equity. So instead of having money tied up in your home, you can use that money for current expenses.

Second mortgages can offer a great benefit, but they can also create more debt.

Why Would You Take Out a Second Mortgage?

There are several reasons why you would consider taking out a second mortgage. Some of these include:

  • Consolidate debt
  • Eliminate property tax arrears
  • Catch up on missed mortgage payments
  • Stop foreclosure on your home
  • Finance a car
  • Home renovation
  • Pay for higher education
  • Start a business

You may also apply for a second mortgage to avoid paying the penalty to discharge your existing first mortgage.

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