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Second Mortgages
QUICK SECOND MORTGAGE SOLUTIONS FOR HOMEOWNERS
SECOND MORTGAGE DETAILS
- 48 hours from a signed mortgage document proceeds in bank account
- No requirement to retain legal counsel or pay legal costs
- Prompt Financial Solutions will arrange, at our expense, an inspection if one is required for approval
- Flexible Gross Debt Service (“GDS”) and Total Debt Service (“TDS”) ratios
- Competitive interest rate
- Self-employed borrowers accepted
- Loan to Value (“LTV”) Ratio of up to 80%2
- Minimum credit score 625
- Flexible term options
HOW CAN A SECOND MORTGAGE HELP?
- Consolidate high interest credit cards
- Consolidate unsecured loans
- Lower interest payments
- Improving credit profile
- Start / Finish a home renovation
- Provide available funding for life events
SECOND MORTGAGE TERMS
Loan Amount
up to $75,000
Fixed Interest Rate
8.99%
Lending Fees
8.99%
Maximum Term
24 months
Maximum Amortization
120 months