Second Mortgage

A second mortgage can make good sense in the right circumstance and can actually save you money. A second mortgage is simply a loan secured against your property as collateral. By securing the loan against your property you can obtain a lower rate compared to an un-secured loan or other types of debts such as credit cards. Moreover, there is no need to qualify based on income and credit, it is anequity-based loan.

If you are in need of easy access to immediate funds, then you’ve come to the right place. At Freedom Capital we have a unique process through which your 2nd or even 3rd mortgage will get approved within 48 hours. No need to wait for weeks for you to receive your finances. In a matter of days, we will hand you your required funding.

Whether it be a solution to high rate debts you are looking to consolidate and lower your monthly payments, immediate funds required for a business, purchase of another real estate asset or perhaps funds you want to put towards a home renovation project -we can help!

If you wish to find out more about second mortgages and which one is best suited for you, contact one of our qualified representatives at Freedom Capital to learn how we can be of service to you.

WHY CHOOSE US AS YOUR MORTGAGE SOLUTION PROVIDER?

We offer our professional services to our clients and are more than happy to serve them whenever they need us. Our experienced brokers with their vast knowledge and expertise will make you feel fully satisfied that you are in good hands. Our topmost priority is to provide personalized and fast financing solutions to our clients. We take pride in the fact that we take on rush deals and process our loans within the given timeframe.

Nowadays, conventional banks are very rigorous in their loan process. A conventional bank offers limited finances and restrictive types of lending offerings. You might go to a bank in hopes of applying for a mortgage of $700,000 only to find that the bank will approve $600,000.

We at Freedom Capital offer several lending options to our clients that the conventional banks, or even other mortgage solution providers for that matter, don’t offer to their clients. To meet our client’s best intentions, not only do we offer them the finances but also our professional advice. We put our clients and their needs on topmost priority.

If you wish to know more about us and how we will be of service to you, contact one of our professional representatives.

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WHAT IS MEANT BY THE TERM SECOND MORTGAGES?

A second mortgage refers to a loan that permits you to borrow on behalf of the worth of your real estate. Your real estate is a type of fixed asset. With the passage of time, that asset accumulates value.Without even selling your real estate, you can use it as a way to finance your goals and projects. A second mortgage basically is a loan where your house, already mortgaged, is used as a collateral.

Advantages of Second Mortgages

 

1. Accessibility To A Sizeable Loan Amount:

If you apply for a 2nd mortgage, you are able to borrow quite a sizeable amount of money. Since the mortgage is secured against your real estate asset, you get to have your hands on more funds that you would not have been able to get without putting your property as a collateral.

2. Competitive Interest Rates Than Other Mortgages:

Often you will see that the interest rates on second mortgages are lower as compared to other kinds of debt such as credit card rates. The risk factor for your lender gets reduced since the loan is secured by your real estate asset.

3. Tax Benefits:

There are some cases where you will receive a tax deduction for the interest you have paid on your 2nd mortgage. However, you should be aware of the numerous technicalities associated with this benefit.Make sure to consult your tax consultant before you go about taking deductions.

If you wish to find out more information about 2nd mortgage, don’t hesitate to contact one of our qualified representatives at Freedom Capital to learn how we can be of service to you.

FREEDOM CAPITAL: HOW WILL YOU GET YOUR SECOND MORTGAGE APPROVAL?

It’s actually very simple. In order to gain your 2nd mortgage approval, your lender will simply look at the equity in your real state that you own. Based on this simple criteria, an approved for a second mortgage can be easily attained

If you wish to find out more about how to gain your second or even third mortgage approval, contact one of our qualified representatives at Freedom Capital to learn how we can be of service to you.

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We’re here to help! We deliver fast and reliable access to money

BENEFIT OF TAKING A Second Mortgage?

1. Pay for Your Real Estate’s Upgrade

With your second mortgage, you can utilize the finances to pay for the upgrades and improvements to your real estate. By doing so, the worth and value of your real estate will further increase. Retrofits and renovations are an excellent way to increase the estate’s monetary worth. You can easily use your 2nd mortgage as an investment towards your real estate.

2. Consolidate Debt

Second mortgages can be a great way for you to consolidate all your debt. You can have debts such as lines of credit, car loans and credit cards. If you consolidate all your debts, you will just have to make one monthly payment that will cover everything. In most cases, by consolidating the debts at a lower interest rate the payments are reduced significantly offering you more cashflow.

3. Business investment

Your bank has said NO to your business loan application. Second mortgages can be a great way for you to access funds from your other real estate holdings and invest that as a shareholders loan into your business.

If you wish to find out more about how to gain your second mortgage approval, contact one of our qualified representatives at Freedom Capital to learn how we can be of service to you.

TRY OUR FREE NO-OBLIGATION SOLUTION

We’re here to help! We deliver fast and reliable access to money

If you apply for a loan on your real estate that has already been mortgaged twice, it will be your 3rd mortgage. Although it sounds pretty scary and terrifying, it’s not as it seems so. Third mortgages can turn out to be in your favor if you have to use the equity in your real estate.

Freedom capital happens to be one of the few mortgage solution providers who are there to provide their clients with 3rd mortgage options. We put our client’s best interests before us and are there to serve them whenever they need us.

It can be quite tricky and difficult for borrowers to receive a third mortgage approval. This is due to the fact that majority of the lenders consider this mortgage to be a risky one. Since you already have taken out a first and a second mortgage on your real estate, lenders presume you might have a hard time paying your 3rd mortgage back.

This kind of thinking and assumption places a negative picture of such lenders. However, we at Freedom Capital understand the need and importance of third mortgages. We realize our client’s necessity and will go out of our way to offer them the best financing option that is in their best interest

If you wish to find out more about how to gain your third mortgage approval, contact one of our qualified representatives at Freedom Capital to learn how we can be of service to you.

First things first. You need to find yourself a reputed and trustworthy mortgage solution provider. It can make all the difference for you if you go to a mortgage solution provider who wants to offer whats best for you. You will notice at Freedom Capital that the brokers are just the kind you’d want as your financial partner. Not only are they highly professional and knowledgeable, but they are empathetic and understanding.

Now that you have found the right mortgage solution provider, its time to visit your broker and inquire if you are qualified for a third mortgage. If you meet all the required criteria, your broker will have no reason not to approve your 3rd mortgage.

Third mortgages are assessed on the worthiness of your real estate. If your real estate is well-maintained and well-kept, there is no reason why its value has not increased henceforth you purchased it. When you go for a third mortgage, you use your real estate as a collateral for the mortgage. The more valuable our real estate is, the more amount of mortgage you can borrow.

PRIVATE, COMMERCIAL, AND ALTERNATIVE LENDING

Do you have bad credit, low income, over-leveraged, or looking for solutions outside the conventional lending box? Are you tired of the bank bureaucracy, politics or games? With the marketplace changing and the bank’s rules becoming more stringent, it is extremely difficult working with the traditional banking solutions and it is not for everyone.

Whatever the case there is an alternative here for you!