A second mortgage is a mortgage charge registered as a lien secured on real estate. A 2nd mortgage is registered on the title/deed of a property, in 2nd position, behind a 1st mortgage, therefore not discharging the first mortgage on the property.
Since second mortgages are based on equity built into your home, regardless of your income or credit history, you can still borrow money from your home equity. In the process of your application, we will order an appraisal report to confirm your property value, and also gather the first mortgage statement to confirm your home equity, as per lender’s requirements. A standard mortgage application will be required to process, and review credit, for due diligence, to address any judgements or significant issues in advance.
Upon confirmation of your property value, mortgage balance(s) registered on the title, and due
We get all situations approved, as long as you have equity in your home.
No Income or Credit Required. 2nd Mortgage Approvals Are Based On Home Equity!