Did you know? Second mortgages are great ways to get access your money by using the equity of your property. People normally get second mortgages when they need money for a car, as a down payment for another property, to renovate their homes and to consolidate their debt.
How could you benefit from a 2nd mortgage?
If you are incurring one of the following expenses:
– Home renovations and improvements – Debt consolidation to lower your monthly payments – New car purchase – Any other big expense
A second mortgage is a great way to acquire the financing you are looking for.
Qualification – Why Cash Loans Bad Credit?
Second mortgages are a little harder to obtain than first mortgages. Second home loans usually come with slightly higher rates than they would for new purchases (this is where we come in), however in the case of using a 2nd mortgage to consolidate your debt you would benefit from lower interest rates and lower monthly payments.
How can Cash Loans Bad Credit help? Applying with Cash Loans Bad Credit is not like applying with a bank or any other conventional mortgage broker. Cash Loans Bad Credit is a national services network and has access to a large array of lenders.
Apply For A Second Mortgage Today!
*Some conditions may apply. Applying for a loan through our private lenders does not guarantee you will be approved for a loan, however our private lenders’ intent is to always have full disclosure on all of our personal loan offerings. Borrowers are provided with all necessary disclosure prior to entering into any obligation. Our objective is to offer Canadians an alternative to the banks and credit unions (not a replacement). Typically, you will find our private lenders rates to be higher than the banks; however, with this in mind, Our private lenders are usually more efficient than the banks in getting you your money and may lend in situations where the banks (and other traditional lenders) will not. Once our private lenders have provided you with all necessary information, the decision will be left with you as to whether or not you wish to proceed with the private lenders’ offer. It is important the borrower is aware that the examples may represent the lower priced range of our private lender offerings. Our private lenders’ loan rates are subject to change and may vary (up or down) at lenders discretion. The difference between the Gross Amount and Net amount represents closing costs which includes items such as legal fees, appraisals, brokerage fees, etc. (“Fees”). The APR will increase / decrease in the event of higher / lower Fees. Loan repayment terms of 9-120 months. APR between 7.99% and 29.99%. Example: $1000 unsecured loan borrowed for 12 months at 7.99%: Monthly payment: $89.99; Total repayment with interest: $1079.99. Thank you for your consideration. Our private lenders are looking forward to speaking with you soon. Personal loans, car loans, private loan, second mortgages, debt consolidation.