Second Mortgages – Important things to know

Second Mortgages – Important things to know

Second Mortgages

What do I need to be considered for a Second Mortgages?

Applying for second mortgages typically is for people who already have a mortgage in the first place.  As well, you must have photo identification and be able to provide proof of employment, such as paystubs and bank statements. The first mortgage must also be in good standing with your current lender.

Who do I speak to about obtaining a Second Mortgages?

Applying for second mortgages is really easy, especially if you are already a client with us.  Just call or email your lender and they can walk you through the steps and explain things for you in further detail.  Just answer all of their questions on the phone or come down to your local office and get all the paperwork taken care of at one time and it will be smooth sailing from that point on.  The process really is quite easy.  Come on down and check it out for yourself.  What do you have to lose?  Nothing and you have everything to gain.

Second Mortgage Mississauga

Second Mortgages

Can I still be approved if my credit is not the greatest?

If your credit rating is less than perfect, that’s ok.  Just explain your situation to our lenders and they will try to work out the best solution for your needs. As long as you are working to improve your current credit score, then we can work with you. It’s all about healthy lines of communication between the clients and the lenders.  

How long does it take to find out if you are approved for second mortgages?

You can apply and be approved in a little as 12-24 hours.  Usually, as long as all of the criteria is met accordingly, usually you will receive an answer within the same business day that you apply.

Of course, everyone’s circumstances are different, so it really depends on the situation that is at hand.  However, generally our goal is to have you approved within the same day.


Mortgage Alliance: Mortgage Brokers

The representatives at Mortgage Alliance are always working hard to save you money in every situation that they can.  They understand that financial stability is something that you work hard to obtain and it is our job to do everything within our power to make sure that you get all of your needs met accordingly.  As long as you communicate with your representative and let them know your situation, they will be open to doing absolutely everything they can to help you meet your goals.  Pick up the phone and contact your Mortgage Alliance brokers and ask how you can go about applying for your own second mortgages.

Contact us To know more details about Second Mortgages Brampton, Mississauga, Canada.

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