Second Mortgage London & Ottawa
Need a large amount of cash immediately? Why not use the equity present in your own home! See how you can get the best second mortgage deals!
A second mortgage is one of the most effective ways to use the equity present in your home! A second mortgage is a secured loan. This gives the lender the confidence of getting their money back and hence they will be willing to offer you good deals on your second mortgage plans!
Second mortgage can be used for a variety of purposes. Ranging from a simple home renovation all the way to financing a new home! A second mortgage is a great way to get funds exactly when you need them!
What are the benefits of second mortgage?
Second mortgage have a lot of benefits. The major ones being:
- Large sum is easily available
- You can use it to consolidate debt
- The interest rates are reasonable
- You get some tax benefits as well
Second mortgage give you access to a large sum of money instantly. Whether you need it to pay off a mortgage, an education loan or even for a medical emergency, you can simply access this large sum with the help of a lender and finance your needs with ease!
Second mortgage are often used to consolidate debt. If you are tired of depleting your savings to make your mortgage payments, you can use the equity in your home to get a good debt consolidation deal and make mortgage payments simpler!
The interest rates are comparatively lower and can be negotiated easily! There are even a few tax benefits to getting a second mortgage. If you use it for home renovation you can be exempt from paying tax on the amount up to a certain limit!
Why choose Ontario Lending Group?
“The mortgage broker advantage is best received when you have an expert! Ontario Lending Group is made of expert brokers who know the mortgage industry and can get you the best!”