The Trusted Source for Second Mortgages & Refinancing
CBC – on the Money
Rogers – Daytime
BNN – Top Line
CTV – Your Morning
CBC – Real Estate Roundtable
We Can Second Mortgage Almost Any Situation, Bad Credit Included..
We are financing specialists with 50 plus lenders that compete for your business and can finance almost every scenario.
First Time Buyers or a step up the property ladder, we’ve got the best rates available.
Get the financial help you need, lower your payment drastically every month
Retirment just got a whole lot easier, Use your equity and be comfortable.
Bad Credit Mortgages
Sometimes life happens, let us get you the financing you need.
Bad Credit Refinancing
In trouble, refinancing can help egt you out of some sticky situations.
Great rates on a second mortgage, lower your payments.
GET IN TOUCH WITH
MORTGAGES OF CANADA
Bad Credit, Why a Second mortgage?
Lower Interest Rates
Don’t let penalties deter you; first, know the numbers. Breaking your contract for a lower interest rate can save you money over time, depending on the penalty and the size of your outstanding mortgage. If you hold a variable rate mortgage, then expect to pay a penalty of three months interest, and if you hold a fixed rate mortgage, then you will pay the greater of three months interest or interest rate differential penalty.
Access Your Equity
By refinancing, you can access up to 80% of your home’s value less any outstanding mortgages. That’s extra money for investment opportunities, home renovations, or your children’s education. There are several ways to access this equity including breaking your mortgage, taking on a home equity line of credit or blending and extending your mortgage with your current lender.
Consolodate Debt by Refinancing
If you have enough equity in your home, you will be able to pay-out high-interest debt through a refinance. For example, if you have a number of outstanding debts, such as a car loan, a line of credit, or credit card bills, you may be able to consolidate all of the debt through the variety of refinance options available.
4 ) Renovations,
Since your home is likely your most important investment, renovations are a great way to increase your property value and also make daily living more comfortable. When thinking about funding sources, keep in mind the type of renovations you want to perform, the amount of money you need, and how long you anticipate paying off these costs.