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.
Second Mortgage in Surrey
Custom-tailored solutions and seamless approvals for borrowers.
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Why are Second Mortgage Loans in Surrey Important?
Surrey is one of the west coast’s fastest-growing cities, home to a thriving economy. This has led to an influx of new residents and a demand for financing resources. If you are facing a life situation and are in need of finances to fund your personal or professional needs, a second mortgage in Surrey can be the perfect solution for you.
Second mortgages can be used for a variety of reasons. Whether it be debt consolidation, property improvements, business expenses or personal life situations; a 2nd mortgage can help.
If you can relate to these scenarios, you've come to the right place! With Freedom Capital, our borrowers receive custom-tailored commercial financing solutions and quick approvals.
Isabella Flores
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Freedom Capital Team is one of the most amazing mortgage brokers that I have work with, the level of service they provide is outstanding. The team is very professional and were able to answer all of my client questions. Very responsive and acted fast on a mortgage that need it to get approved fast. Highly recommend working with Freedom Capital. Thanks Pip, Sylvia and Kathy
RSB Developments Ltd
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Positive: Professionalism, Quality, Responsiveness, Value
Pip and his dedicated team at Freedom Capital went above and beyond for us. We gave them a challenge of getting approval for us within 24 hrs and they were able to do it! I am so appreciative of Pip and his team for taking the time to not only help us understand the process but get it done Quickly! It was easy to see that Pip really values his clients and their best interests. We would work with Pip and his team in the future!
Kim Vo
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I am very happy to have worked with Pip, Sylvia, Rosy, Kathy on my recent mortgage fund. Especially Kathy and Rosy with constant follow-ups and conversations with me all along the application until funding date. Rosy has guided me through the process which I needed.
I understand it must be a whole team effort, a lot of work must have occurred behind the phone line in which me the client might not be able to see after I hang up conversing over the phone.
They have worked diligently to bring satisfaction serving their clients. I truly appreciate and grateful to deal with Freedom Capital!
John Vranic
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I have worked with many private lenders in the past and I must say that Rosy Ram was the one of the best people to deal with. To top it off my situation was extremely difficult and had many layers to it. After submitting documents that Rosy required she was able to get me a deal quite quickly. I was pleasantly surprised how professional and efficiently she worked. Many other lenders will promise you deals, string you along only to fall short in the end. All the terms, conditions and rates were very reasonable in light of my situation as well. Looking forward to doing more business with Freedom Capital!
AMIR Rahimtula
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Pip Dhaliwal and The Freedom Capital Team are top producers in the mortgage game. Time after time they come forward effectively, efficiently with experience that counts and competitive results! As commercial developer we trust Pip and his team when they say they will get it done! They think outside the box and deal size never matters with Freedom Capital, they have knowledge and relationships with credible financiers to make our 106 unit condo project a reality and help Transnat Properties provide affordable homes to the public.
Gregory Hilman
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We had another broker working on our deal for over three months, and the service was very disappointing...
Then we called Pip for a competitive assessment, he made the deal in less than 2 weeks, and it was 3 x what the other lenders were offering. We even got open terms and better interest rate than we expected.
Fantastic service and A very reputable lender… We would never go to another broker again!!
5 STARS!!
Client Testimonials
Recently Funded
Financing from Residence to Pay off CRA and Credit Debt
Our client was looking to payout their CRA debt and credit cards before their current mortgage was ready for renewal. We were able to reduce their total debts owing and increase their credit score so when negotiating the renewal, the client would receive favorable terms.
We provide second mortgages that make sense for your financial success!
Mortgage Amount : $310,000.00
Financing to Pay off High Interest Debts
Freedom Capital successfully placed a 2nd mortgage behind another private lender to assist a self-employed client consolidate outstanding debts due to Covid.
Mortgage Amount : $124,000.00
Rush Mortgage to Cover Shortfall for another Investment Purchase
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.
Mortgage Amount : $240,000.00
Equity Pull for Business Cash Flow
Repeat client with self employed income and high beacon scores. Looking to pull equity for cash flow for business until home sells.
Mortgage Amount : $170,000.00
Equity Pull from Primary Residence to Buy a Vacation Home
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).
Mortgage Amount : $500,000.00
Mortgage to Pay off High Interest Debt Consolidation Mortgage
80% LTV on a 2nd mortgage to consolidate high interest debt. We funded this file with competitive pricing, quick closing and minimum documents.
Mortgage Amount : $80,000.00
New Mortgage to Pay off High Interest Rates Loans
Clients were looking to consolidate all of their high interest revolving debts which was over $3,500 per month in payments. Clients had excellent income. Their first mortgage was coming up for maturity in six months, they wanted short-term financing until they could refinance.
Mortgage Amount : $210,000.00
New Mortgage to Pay off Existing Mortgage
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
Mortgage Amount : $200,000.00
Mortgage for Primary Residence Renovation
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.
Mortgage Amount : $215,000.00
How is a Freedom Capital Second Mortgage in Surrey the Right Answer?
Freedom Capital operates across Canada as one of the most unique national mortgage brokerages. Our alternative mortgage solutions, large network of lenders, and seamless approvals are what makes us the perfect lender for you.
Freedom Capital can approve second mortgage loans in Surrey in as little as 24 hours*. No need to face unnecessarily elongated application processes. With Freedom Capital, you can get the financing you need with ease.
FAQ
The interest rate for a second mortgage in Surrey can start at 4% and up per month. This can vary according to lender guidelines and other factors.
If you are looking for quick financing and a relatively easy application process, then yes, private lenders are the right choice. Unlike banks and other financial institutions, private lenders are happy to accept clients with bruised credit or a history of debt. When the banks say NO, Freedom Capital can help.
Yes! A second mortgage can be used to cover various costs. With a Freedom Capital second mortgage you can:
- Construct, renovate, or improve a property
- Invest in your business
- Consolidate debt
- Cover personal expenses
- Fund life situations such as the death of a loved one
- Purchase an investment property or invest in a new stream of income