Oshawa Second Mortgages
Most second mortgages are based in the equity in your home. Second mortgages are not based on your credit score or income. The key factor is your loan to value ratio (LTV), most Oshawa lenders will not exceed a LTV of 85%, although there are exceptions where lenders could go up to 90% LTV.
There are many different reasons why a person could require a second mortgage, some good reasons to get a second mortgage include:
Consolidate high interest credit card debt in to low interest mortgage debt.
Pay off past due property taxes.
Stop a power of sale of foreclosure.
Pay medical bills.
Pay for school tuition and expenses.
Call for us for a 2nd mortgage today.