The excitement of getting approved for a mortgage can bring out the inner child. We work with you on getting approved for a second mortgage.
Mortgages are typically available from these three lenders
“A” Lender
- The “Big 5” banks
- Highest requirements for funding
- Best for those with excellent credit and high income
“B” Lender
- Smaller than the “Big 5” banks
- Similar requirements to “A” lenders
- Require good credit and high income
Private Lender
- Smaller institution
- Do not have income or credit requirements
- First and Second Mortgages
- Funding – ASAP!
Examples
Do you own your home and need extra cash quickly to pay off debit, renovate, buy a new car, start a business, consolidate debit, tuition, pay CRA, property taxes, etc… Yes! Then you need a second mortgage. You do not have to break the first mortgage and funds are available quickly.
Looking to purchase a home/condo, investment property, flip a condo/house, or a bridge loan? Do you have low/bad credit score and low income. Yes! You need either a first or second mortgage from a private lender, as lending is based on equity in home.
Are you purchasing your second or third home/condo and no longer qualify for a mortgage because “your debit ratios are too high”? Yes! You need either a first or second mortgage from a private lender, as lending is based on equity in home.
Has your current lender or bank declined your application on your closing date? Yes! You need either a first or second mortgage from a private lender, as funding is available as soon as possible.
Are you purchasing or refinancing a condo or home? Have an amazing credit score and a high income? Yes! Depending on how great your credits score is and type of income you need either an “A” or “B” lender.
Time to get started
You can reach us by email or fill out the simplified mortgage application for a free quote and we can help you get these funds.