JESSE BRUN

Second mortgage lenders in East Gwillimbury are mostly done using private lenders. To get approved by second mortgage lenders in East Gwillimbury a person needs to have a fair amount of equity in their home. Second mortgage lenders who lend in East Gwillimbury 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 East Gwillimbury 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