Yes. If you are looking to refinance your home equity loan, HELOC or second mortgage you need to simply follow the same procedure as you would for a regular mortgage.
To qualify for a Freedom Capital second mortgage you need a minimum of 20% of the equity in your home.
A piggyback second mortgage is a HELOC or home equity loan taken out at the same time as your first mortgage. It is used to help borrowers finance their initial mortgage and any expenses related to it such as interest rates and down payments.
Yes! In fact, it is smarter to leverage an investment property instead of your family home. As long as your investment property has equity, you can most certainly get a second mortgage against it.
To get a mortgage against your investment property you need to follow the same qualification and application process you would for a mortgage against your home.
Freedom Capital has one of the fastest turnaround times in the industry. Subject to the type of mortgage you are applying for, you can potentially get a mortgage approval in 24 hours*.