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Second Mortgage

Need to arrange for some immediate funds you can invest towards your business or in acquiring more real estate? Maybe you want to renovate your house or you need to pay off some expenses in the near future. The question is, are you in need of this immediate solution?

Want to know the fastest and easiest way to gain money from your investment property or house irrespective of your earnings or credit history? Apply for the 2nd mortgage from your dependable mortgage solution provider. The only name that comes to mind is Freedom Capital.

Are you having trouble finding a reliable and honest mortgage solution provider for your 2nd mortgage needs? Do you require immediate financing?

We are specialists in providing alternative commercial financing options to our valued clients and borrowers. We at Freedom Capital 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.

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.

In times of today, the conventional banks are firm and severe 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 2nd 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. Thanks to Freedom Capital’s unique process, your 2nd or even your 3rd mortgage for that matter can be approved in less than 48 hours. No need to worry for weeks about receiving your funds. Freedom Capital promises that you will get your required finances in a matter of days.

Advantages of Second Mortgages

In case if you’re wondering why you would want to apply for a second mortgage, here are some of the advantages you can receive from it.

  1. Accessibility To A Handsome Loan Amount:

If you apply for a 2nd mortgage, you are able to borrow quite a handsome amount of money. Since the mortgage is secured through your house, you get to have your hands on more finances that you would not have been able to get without putting your house as a collateral.

Although it rests on your reliable mortgage solution provider, you can expect to borrow a maximum of 75 percent of your real estate’s value.

  1. 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.

  1. 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.

Types of Second Mortgage Loans

  1. Home Equity Loans

Home equity mortgages are those loans where you borrow money from your trustworthy and dependable mortgage solution provider and pay back the loan as per the predetermined timeframe. Mostly the time period is around a duration of 1 year.

Home equity financing is normally offered as fixed-rate mortgages through the convention banks.  This has now literally become an impossible task. We at Freedom Capital make this an easy process.  You are free to use your loan any way you want to do so. No questions will be asked as to why and what you want the loan for and what you intend to use it for. Although, there are some kinds of home equity mortgages that can merely be utilized for home developments and enhancements. In this case, the borrower is required to submit a budget.

We at Freedom Capital are committed and strived towards our client’s equity loan approval. We understand that our clients depend on us for their equity financing approval so we do our best to make sure we don’t disappoint them.

If you wish to find out more about the types of 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.

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

We have highlighted certain factors that lenders take into account. Nonetheless, don’t think that your trusty mortgage broker at Freedom Capital will not consider you if you fail to meet any of these requirements. We will go out of our way to come up with a solution for you.

  1. Your Income

As the case in your first mortgage request via your bank, your mortgage is reliant on your income. You are required to submit proof of your current, reliable income as a determinant of your capability to pay-off the mortgage.

For your 2nd mortgage, we do not look at your income to qualify you.  It’s an equity-based mortgage

Your Credit and Debts History

Your bank will like to see information about your credit history in hopes of seeing a positive one. They will take into consideration:

  1. how often you were late on paying your current obligations,
  2. how much your balance is high considering your credit limits,
  • any public records such as claims or judgments of not paying for child support, tax liens, etc.

For your 2nd mortgage, we do not look just look at your credit score to qualify you.  It’s an equity-based mortgage.

We at Freedom Capital are here to help you fulfill your financial needs for your 2nd mortgage approval.

  1. Your Equity

This is as simple as it comes.  As long as you own a piece of real estate and have the required equity, we can get you the money!

We at Freedom Capital are here to help you fulfill your financial needs for your 2nd mortgage approval.

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.

Benefit Of Taking a 2nd imaMortgage?

  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.

  1. Consolidate Debt

2nd 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. You will no longer have to pay off every one of your debt separately.

We at Freedom Capital understand that our clients sometimes have to access their real estate’s equity considering the fact they already have taken two existing mortgages against their real estate. We are not biased and partial to such clients. We offer the same professional treatment as we do to our other clients.

  1. Business investment.

Your bank has said NO to your business loan application.  2nd 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.

Is It Possible To Get A 3rd Mortgage Approval?

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.

How Can You Attain The Third Mortgage?

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.

WHAT IS THE BEST WAY TO ATTAIN A 3RD MORTGAGE APPROVAL?

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.

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

British Columbia

#101 19909 64th Ave
Langley, BC V2Y 1G9
604-998-8898

Alberta

300-840 6 Avenue SW
Calgary, AB T2P 3E5
403-774-7425

Ontario

330-175 Commerce Valley Drive West
Markham, ON L3T 7P6
647-776-7644