A FIRST mortgage is a secured loan that will be registered against your property. A first mortgage can be used to purchase your first home or to refinance and pay off debts. To get a first more you need to have a down payment or equity, good credit and stable income.
A SECOND mortgage can be used to borrow against your equity and pay it back when you want. With a second mortgage the lending criteria is based on Common Sense lending, which means as long as you demonstrate that you can pay the mortgage and you have the equity you can be approved. In the event of a job loss sometimes we can hold back the monthly payments for a few months until you get back on your feet, providing you have enough equity.
A FIRST mortgage is a secured loan that will be registered against your property. A first mortgage can be used to purchase your first home or to refinance and pay off debts. To get a first more you need to have a down payment or equity, good credit and stable income.
A SECOND mortgage can be used to borrow against your equity and pay it back when you want. With a second mortgage the lending criteria is based on Common Sense lending, which means as long as you demonstrate that you can pay the mortgage and you have the equity you can be approved. In the event of a job loss sometimes we can hold back the monthly payments for a few months until you get back on your feet, providing you have enough equity.