31 Oct, 2024 woman wondering what happens if you miss a mortgage payment

A second mortgage is typically acquired when homeowners need access to funds for specific financial goals, such as home renovations, debt consolidation, or major expenses like education and medical bills. It allows homeowners to tap into the equity they have built up in their property while still maintaining their original mortgage. Understanding second mortgage rates BC offers is crucial, as these loans often come with higher interest rates due to the increased risk for lenders compared to primary mortgages.

25 Sep, 2024 people securing the best mortgage rates BC

A second mortgage is typically acquired when homeowners need access to funds for specific financial goals, such as home renovations, debt consolidation, or major expenses like education and medical bills. It allows homeowners to tap into the equity they have built up in their property while still maintaining their original mortgage. Understanding second mortgage rates BC offers is crucial, as these loans often come with higher interest rates due to the increased risk for lenders compared to primary mortgages.

2 Sep, 2014

I get this question all the time; What is your best rate Home Equity Loan?

I have decided to post some basic information on some of the last couple of months files I have closed. This gives potential borrowers a broader understanding of mortgage rates on home equity loans and 2nd mortgages based on property types, property location, different LTV (loan to value) and quality of credit/income or ability to pay.

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