Home Equity Loans and Second Mortgages in Cambridge and Waterloo, Ontario

 

Home equity loans and second mortgages mortgages in Cambridge and Waterloo can quickly provide you the money that you want. Second mortgages work extremely well for many unique purposes including paying off personal credit card debt, home renovations, personal debts, education costs and even for that much needed vacation.
Second mortgages in Cambridge and Waterloo are mainly based on the amount of equity at your residence; they are not determined by your credit rating, age or a persons employment history. Because of this most people who usually do not qualify for a normal mortgage can be eligible for a second home loan in Cambridge and Waterloo based on the equity in your house.
The maximum bank loan to value pertaining to second mortgages in Cambridge and Waterloo is 85%, but most 2nd mortgages in Cambridge and Waterloo use a loan to value ratio below 80%. Second mortgages in Cambridge and Waterloo may have a higher rate of interest than traditional home but properly utilized second mortgages may save people a significant cost by lowering the interest costs and ones monthly costs.
As second mortgage agents in Cambridge and Waterloo we can quickly help you to get the funds you’ll need, with our free consultation we can tell you within minutes when you qualify for a loan.