- Cash out equity
- Decision in five minutes
- Easy to qualify
- An alternative to banks
1ONEFUND Financial are becoming increasingly popular as Durham homeowners look for ways to access the equity in their homes. A second mortgage is a loan that is secured by the equity in your home, meaning that if you default on the loan, the lender can foreclose on your home. Second mortgages are typically used to finance major purchases such as a home renovation or investment property, but they can also be used to consolidate debt or make ends meet during tough financial times. If you’re considering taking out a second mortgage, it’s important to compare rates and terms from multiple lenders to ensure that you’re getting the best deal possible. Second Mortgages in Durham can be a great way to access the equity in your home, but they come with risks. Make sure you understand all of the terms and conditions before signing on the dotted line.
Second mortgages can be a good option for you if you are going through a financial crisis and are in need of emergency funds. Our team at 1ONEFUND Financial Group Ltd can advise you on what is the right option for you based on your requirements. Read on to find out more about second mortgages or give us a call. Our services are available to customers in Kawartha Lakes and Durham. We look forward to serving you.
Although the notion of a second mortgage on your home does sound like a bad idea, you do get certain benefits which do make it a viable option. Whilst paying off the principal of your first mortgage you build equity in your home. With a second mortgage, you can use 85% of that equity amount for any purpose.
It can be used for home renovations, you can finally give your home a personalised look, or for a business venture, as you can restart your career and be your own business, all of it depends on you. Second Mortgage is less expensive than other types of loans such as credit cards.
If you have any queries we are here to resolve them. To get Second Mortgages Durham and Kawartha Lakes, contact 1ONEFUND Financial Group Ltd.