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.
Second Mortgage in Surrey
Why are Second Mortgage Loans in Surrey Important?
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.
Funded by Us
Debts piling Up?
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.
Vacation Home Equity Pull
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
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
Pull Equity for Cash Flow for Business
Repeat client with self employed income and high beacon scores. Looking to pull equity for cash flow for business until home sells.
80% LTV on a 2nd mortgage to consolidate high interest debt. We funded this file with competitive pricing, quick closing and minimum documents.
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.
How is a Freedom Capital Second Mortgage in Surrey the Right Answer?
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