Are you looking for mortgage services in Mississauga? Then, you are at the right place. Whether it is a second mortgage, home equity or refinancing, we offer various plans at affordable rates. Here are some of the things that you should know about our mortgage services:
1. Second Mortgage
The second mortgage is a mortgage taken additionally on an existing mortgage. These mortgages are secured against the same equity as the primary mortgage is. This means that the second mortgage is given on the current value of the equity and the amount that you still owe to the lender. This mortgage can also be taken from a different lender.
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Refinancing means paying off the existing loan and replacing it with the new one. If you are thinking why you should refinance, then there are many reasons. Some of them are:
● To take advantage of low-interest rates
● To access equity (cash) in your home
● To consolidate debt
So how can you refinance your mortgage? Here are some of the methods:
● Break your existing mortgage contract early
● Add an HELOC (home equity line of credit)
● Merge and extend your existing mortgage
If your monthly bills are out of control, then you can also consider refinancing your mortgage. We have competitive rates and you can get an access to our low-interest rates. Call us to know more. Remember, our brokers work for you, not the lenders. Get the expert advice you need!
3. Home Equity
Equity means the total value of the property subtracting the mortgage taken on the same. Most of the homeowners take and use their home-equity for a number of reasons like educational purposes, renovations and investments. You can take advantage of your home equity through home equity line of credit and home equity loan. The home equity loan is also known as the second mortgage.
You can get the money in lump sum amount (about 80% of your home equity), thus, this can be one of the best options.
So, don’t waste your time, and get in touch with us to get the best mortgage rate in the city. Call us now!