Second Mortgage - Everything you need to know

A second mortgage is a simple loan taken after the first mortgage. There can be several reasons to take out a second mortgage such as consolidating debt, home improvements, and many other reasons. The second mortgage is obtained using the same assets as the first mortgage, however at just a little higher rate. The amount of the loan is taken from the equity from the house. The term for a second mortgage in Brampton can last from as little as one year to 20 years.

What Are the Two Types of Second Mortgages?

There are two kinds of second mortgages: fixed rates & home equity of credit. The fixed-rate will be provided to those who want the lowest rate and keep that until the end of the mortgage term. On the other hand, home equity of credit is an adjustable mortgage rate. There will be a fixed rate for a specific amount of time, and for the rest of the period, the rates will adjust depending on the current trend in the market.

How Does Majestic Mortgage Help You?

Working with Majestic Mortgage makes the mortgage process easier. Approving a second mortgage is a very simple process. Consulting with our second mortgage brokers can help you in multiple ways such as:

We get a mortgage approved for up to 95% compared to the traditional lender value of 80%.
There are flexible payment options allowing you to pay the amount beforehand or in equalized payments.
We get secondary mortgages approved through equity not credit
There is no income or credit check required

Experienced Brokers Offering Second Mortgage in Brampton

As one of the leading second mortgage brokers, we understand that every client has unique financial standing and requirement. Our mortgage specialists help you receive lump sum loans at the best interest rates. We customize loan programs for our clients and connect them with trusted lenders operating in the real estate market. Our team of professionals guides you on the key aspects of second mortgages thereby enabling you to make an informed financial decision.

What Makes Us a Reliable Mortage Broker?

With experience and expertise, our professional advisory services arrange the second mortgage in Brampton for you. From income history to credit score eligibility, we discuss with you the implications of every factor involved in the loan approval process. To enhance your convenience and minimize your hassle,

Our experts simplify the mortgage procedure for you
We deliver the best mortgage solutions within a quick turnaround time
We offer flexible payment options, excellent interest rates, and dedicated customer service at every step

Before making any financial commitment, feel free to engage our consultation.

Second Mortgage

Saleem Raza

Dec 9, 2019

by Saleem Raza on Majestic Mortgage

This was our third property purchase and we have been using Harry’s expertise on all occasions with our mortgage needs. We have found Harry very professional, very thorough and when needed very discreet. He was able to put in action a plan that enabled us to improve our situation. He is non-judgmental and is able to make you feel comfortable and confident. He was very accurate with his paperwork and most importantly he did what he promised at all times.

-Saleem Raza

Wendy Simpson

by Wendy Simpson on Majestic Mortgage

Thank you again, Harry & Simran, you went above & beyond to help my parents and sister to secure a mortgage at an incredibly low rate. Your knowledge, along with your compassion and patience is above & beyond anyone else. Thank you, thank you, thank you.

-Wendy Simpson

Jeannete

Dec 3, 2019

by Jeannete on Majestic Mortgage

Harry is outstanding. He was responsive to our needs, he worked hard & fast on a time-crunch! We live in Shelburne and getting the paperwork to them and having to deal with the over the phone was extremely easy and he even came to a place of our convenience to get the paperwork signed. He got us an excellent rate and we are very pleased. If you are looking for someone to help with your mortgage he is your guy!

-Jeannete

Janice

Nov 29, 2019

by Janice on Majestic Mortgage

I am very pleased to write this note in appreciation of what Harry did for me recently. He struck me as a professional who is very knowledgeable and very resourceful. He was very helpful right from the time of our initial contact. I was having difficulty getting a mortgage due to my bruised credit but he reassured me that there is always a way. He’s very warm and friendly and this combined with his professionalism made me very comfortable and less anxious. The mortgage was approved without any difficulty or obstacles. During the process, he was always there, available 24/7 for any questions. Harry is a one-stop shop for anyone shopping for a mortgage.

-Janice

Humera Siddiqui

Nov 25, 2019

by Humera Siddiqui on Majestic Mortgage

Harry’s expertise, professionalism and exceptional customer service made my refinancing process timely and efficient. I had a fairly new job and had a challenging credit, Harry consistently provided me great advice on how I can bring up my score. Even after all this he made the deal happen with an A lender! I believe anyone who uses his services will quickly see the value he provides to his customers.

-Humera Siddiqui

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Second Mortgage - Everything you need to know

What Are the Two Types of Second Mortgages?

How Does Majestic Mortgage Help You?

Experienced Brokers Offering Second Mortgage in Brampton

What Makes Us a Reliable Mortage Broker?

Second Mortgage

What Our Customers Are Saying About Us!

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