What are Fast 2nd Mortgages?
Fast Second Mortgages business loans are secured business loans that sit behind an existing 1st Mortgage with your bank. HomeSec Second Mortgages are perfect if you need access to extra funds by tomorrow, and have sufficient equity in your home or real estate asset.
HomeSec 2nd Mortgage Loans can settle within 24 hours, which is much better than waiting months to refinance your current 1st mortgage.
Fast Second Mortgages are affordable Interest Only loans
A Principal & Interest loan has much higher monthly payments which puts pressure on your cashflow. However, with Second Mortgage Loans, you simply pay the interest each month which makes the monthly commitment a lot less.
At the end of the 12 month term, you can pay the 2nd mortgage loan out (often through the sale of an asset, or refinance). OR you can extend the loan with no additional fees. You simply continue to pay the interest each month and payout whenever you choose.
As it is a business loan, all interest and costs are fully tax deductible.
Discover Smart Second Mortgage Solutions for Your Investment Property Goals
Mortgage loans for investment properties can be a flexible and effective method when it comes to gaining funds to expand your property portfolio or to release equity to boost your business. A second mortgage will allow you the option of cashing in your current property without selling it or refinancing the original loan.
This type of lending is perfect when a business owner or investor has to acquire money as quickly as possible. As you want to buy a new asset, you need to have cash flow, or at the same time, you need to make repairs to your property.
Our tailored approach helps your secure investment property home loans with competitive rates and transparent terms.
Second mortgages aren’t just for urgent needs, they’re strategic tools for long-term success. And with My Loan Broker by your side, you can move forward with confidence.