A second mortgage is a financial tool that is used by many homeowners across Mississauga to help them consolidate debt or to finance large expenses such as home renovations or investing in a new business. A second mortgage is simply a loan that is secured using the equity in your home and most lenders will allow you to borrow up to 80% of that equity. This means that if your Mississauga home has $200,000 in equity that has accumulated over the years, you may be able to borrow up to $140,000 with a second mortgage.

Are you one of the many individuals living in Milton who is struggling to pay off their high interest debt? Although there are many others in this situation, having loads of debt can make you feel alone. Maybe you’ve even given up hope that you will ever be out of debt. If this sounds familiar, take heart – it is possible to finally free yourself of your debt obligations. And one of the best strategies to get out of debt is to take out a debt consolidation loan.

If you are looking for a loan, one of the most cost-effective ways to get one is to borrow the money from the equity in your home. With a second mortgage, you can access up to 80% of your home equity at a low interest rate.

The easiest way to get funds to stop the power of sale is to place a second mortgage on the property. We can assist you to stop the power of sale as we have helped many clients keep their homes.