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Second Mortgages
Want to leverage the equity in your home without impacting your existing mortgage? A second mortgage may be the solution you've been waiting for!
What You Need to Know...
Second mortgages are most commonly used to access funds for home improvements, or to free up cash flow by consolidating debt.
If you're thinking about taking on a second mortgage to help your situation, it's important to consider that a second mortgage may impact the premium you pay on mortgage insurance.
You also need to remember that when you take out a second mortgage on your property, you are reducing the amount of equity you have built up over the years.
To ensure a second mortgage is the right product for you, book a time for a consultation and we will review it together.
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