Home Equity Loans and Second Mortgages in Thunder Bay and Timmins, Ontario


Home equity loans and second mortgages mortgages in Thunder Bay and Timmins 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 Thunder Bay and Timmins 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 Thunder Bay and Timmins based on the equity in your house.
The maximum bank loan to value pertaining to second mortgages in Thunder Bay and Timmins is 85%, but most 2nd mortgages in Thunder Bay and Timmins use a loan to value ratio below 80%. Second mortgages in Thunder Bay and Timmins 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 Thunder Bay and Timmins 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.