My husband and I were very fortunate to find Jesse Brun and utilize his services when it came to renewing our mortgage. In fact, we have used Jesse’s services twice over the last few years. Jesse is a dedicated mortgage broker who goes that extra mile to find his clients the best deal possible. Throughout our time dealing with Jesse, it has always been via email or phone. That has not interfered with his services. He has handled all the transactions with much professionalism. Would we use Jesse again should the need arise? You bet…. Great service…..Thanks Jesse
JESSE BRUN
Mortgage IntelligenceLicense #10428
Mortgage Broker (NB)
Mortgage Agent Level 2 (ON)
Second Mortgage Lenders Ottawa ON
Second mortgage lenders in Ottawa are mostly done using private lenders. To get approved by second mortgage lenders in Ottawa a person needs to have a fair amount of equity in their home. Second mortgage lenders who lend in Ottawa will usually provide short-term mortgage financing for 1 or 2 years until the person can be approved by a bank, credit Union or B lender. Some second mortgage lenders will borrow up to 85% of the value of the property being used as security if the property is located within a major city(second mortgage loans will usually not exceed 80% of the value of the property unless the property is located in a city with a population of over 50,000). Second mortgage lenders normally prefer to provide financing for properties which are located within city limits however some private lenders will borrow in small towns or rural areas as well. The lender may only borrow 60% to 70% of the value of the property if the property is located in a very rural area.
Private lenders in Ottawa mostly focus on the equity of the property and the condition of the home instead of focusing on a person’s credit history, income, etc. This is why private mortgage financing is sometimes known as “equity lending”. Getting a second mortgage can be very beneficial and crucial in some situations. Second mortgage financing is often used to stop foreclosures, pay off major collections and/or judgements against a property, settle income taxes owed, take-out equity to buy another home and much more. If you’re looking for any kind of mortgage financing I would be happy to help you by answering any of your questions, analysing your situation and then providing you with the best options for your situation. My team is here to help you and your business is important to me. Please do not hesitate to contact my office anytime at 1(888)878-4660 or please fill out the very short application form above my website. This will allow us to analyse your scenario and get back to you within a few hours. Thank you very much for considering my services and we look forward to helping you soon!
Jesse
Mortgage Agent
1(888)878-4660
homeloans@jessebrun.com