How can I get a second mortgage?

Most people want to know, how can I get a second mortgage and what do I need to do to qualify for the second mortgage? There are no strict rules regarding second mortgages since most second mortgages are funded by private lenders that have their own individual loan criteria, below are the general guidelines that most second mortgage lenders follow.

Lenders want homes or properties that have a loan to value ratio below 80%, in some cases the lenders will go up to a 85% loan to value ratio. For most private lenders the loan to value ratio is the most important factor when providing a loan.

Your credit score will be a factor in determining what interest rate you will pay. A bad or low credit score will not disqualify most people from getting a second mortgage.

Your recent job history or your ability to pay for the second mortgage is very important, lenders want to know you can afford to make the monthly payments and that you will not default on the loan.

Getting the second mortgage is easy once you meet at least 2 of the above criteria. The next step is to give us a quick call and we can confirm your mortgage within a few minutes.