Get Help with a Second Mortgage in Tecumseh, Leamington, Windsor & Essex County

While a second mortgage can empower you to manage bills, debt and investments, it comes with additional responsibility. Because of the increased risk for lenders in second mortgages, these loans usually come with higher interest rates. 

However, these rates still tend to be lower than an unsecured line of credit like a credit card. Lenders will look over your home equity, in addition to things such as your credit score and income to determine the amount of your loan.

Unfortunately, there is a tendency for some misfortunes to release a cascade of disadvantage: losing a job, for example, can mean getting behind on the bills, which in turn has an impact on your credit rating. This may mean it can be harder to find a loan.

In these types of circumstances, a second mortgage for Windsor residents may turn out to be a cheap and accessible form of borrowing. 

It’s unlikely that many people would get an unsecured loan for the amount available if a second mortgage product is considered. Particularly for homeowners that need fast cash for a significant expense, a second mortgage could be a good solution to their problems.

If you need advice from a mortgage agent near you with significant experience in helping people find a second mortgage that works for them, we’re here for you. You can also check our our mortgage calculator.

A second mortgage isn’t just for the big things. 

If you are unable to work for some reason (for example, due to a temporary break in employment, early retirement or an accident), a second mortgage could provide some welcome additional cash to pay bills and keep food on the table. There are many flexible second mortgage products on the market, which can be repaid quickly once times get easier (for example, when compensation is received for loss of earnings due to injury).

Through our brokerage service, we can offer our customers a wide variety of second mortgage products. These can be customized to suit individual requirements, enabling every applicant to find a solution that works for their specific circumstances. 

If you have particular requirements when it comes to your second mortgage (for example, the capacity to make irregular payments of differing amounts), our team will do their best to accommodate your needs.