Second mortgage
A home equity loan on top of your first mortgage on your home. Like with your original mortgage, your second mortgage is secured by your property, meaning that if you don’t pay the loan, the bank can take your property.
However, if you default on your home loan payments, the original mortgage will be paid off by the sale of the property first, before any money goes to the second mortgage.
The client can apply the second mortgage loan from the first mortgage financier, or apply from other financial institutions. The second serves a more flexible equity loan for the property owner. Our second mortgage solution can provide cash as fast as 2 working days.
