2nd Mortgages

Most consumers assume 2nd mortgages are for homeowners with bad credit or "high risk" applicants that have been turned down by the bank. This couldn’t be further from the truth.

There are many reasons you may want or need a 2nd mortgage. Perhaps you have a great rate on your 1st mortgage and you would rather port it than break it while moving to a more expensive home. Some of our customers take 2nd mortgages to avoid having a larger high ratio 1st mortgage where an insurance premium is required. The reality is that a 2nd mortgage can help for a wide range of purposes for people with either good or bad credit.

Examples of other potential customers that would benefit from a 2nd mortgage include:

-Self employed business owners

-People with credit issues

-Borrowers with sufficient equity in their homes

-Borrowers discharged from bankruptcies

-Non-traditional qualifiers

-Debt consolidators

-Borrowers looking to do a home renovation project

Call us or apply online and one of our consultants will contact you for a FREE phone consultation.