Second Mortgage

Since the market has cooled off due to higher interest rates, our client was able to take advantage of the balanced market. The client was seeking an investment property. Their parents were willing to help with the downpayment by using their current home’s equity. We were able to assist with the downpayment from the parents home and the purchase of the investment property. Once their rental income is established, the client will reach out to the banks to see if they can refinance. We were able to provide an approval within 48 hours for both homes.
We strive to come up with a long-term plan when our client use our short-term financing solutions.

Freedom Capital successfully placed a 2nd mortgage behind another private lender to assist a self-employed client consolidate outstanding debts due to Covid.

Rush closing in 2 business days. Client was short funds for his new purchase due to a sale on his residence collapsing. We obtained a 2nd mortgage equity take out loan to cover the shortfall so client could complete on time.

Clients were seeking an equity take out second mortgage to use as down payment to purchase another property. We are now looking to finance the new purchase at 100% financing (including the downpayment).

Brokers helping Brokers! Due to our exclusive relationship with our lenders, Freedom Capital was able to assist another Broker refinance his property with a new 2nd mortgage

Clients ran out of funds halfway through their renovations. They were stuck and had no way to pay their trades and overdue bills for the materials they had ordered. They required funds fast. We placed a second mortgage quickly to give them enough funds to complete the project.