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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

Interested in the details on a second mortgage?
Contact us today and we will be happy to answer all of your questions.