Taking out a second mortgage on your property can allow you to access the equity you’ve built up in your home and redirect your funds. A second mortgage can also be an effective way to consolidate your debt. Let us help discover if a second mortgage is right for you!
Home Equity Line of Credit (HELOC)
Like a second mortgage, a HELOC gives you access to the equity you’ve built up in your home. Rather than receiving the money in one lump sum as you would with a second mortgage, HELOC provides you with a revolving line of credit that you can spend from and repay as needed.
Reverse Mortgages (CHIP)
Are you looking to access more funds in retirement? Reverse mortgages can be effective solutions for those 55 years or older who have most of their net worth tied up in their property. This service allows you to take out equity from your home and access the funds you’ve worked so hard to acquire over the years.
Ready to buy your next property but don’t have a downpayment? Our Bridge Financing program helps “bridge the gap” between the home you’re selling and the home you’re buying. Don’t lose out on your dream home while you wait for your sale to go through!
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