Second Mortgages
We understand your situation for a second mortgage. We at Insular Park Financial can help you get a Second Mortgage at reasonable rate We also help clients with advice how to reduce the debt load over a time period.
Some of the services we do to help our clients are as follows:
• Arranging 1st and 2nd Mortgages
• Debt Consolidation loans
• First Time Home Buyer Loans
• Mortgage Pre approvals
• Tax Deductible Mortgage Plans and more,,,,
Our rates are competitive and the rate we offer depends on various factors such as Credit Rating of clients | Equity offered | Property Type and location | Employment Status | Client circumstances.
Please find below a simple guide lines and other information
1) To qualify for a 2nd Mortgage the 1st Mortgage must be held by an Institutional Lender
2) No Income verification | No GDS/TDS | No minimum time BFS | No minimum Beacon required | Non-residents acceptable | Rentals acceptable | Quick Closings available.
POWER OF SALE – We can lend up to 75% of the value of the property.
Mortgage Rate Fees
1st Mortgage 7.5% to 10% 2%
2nd Mortgage 12% to 15% 2%
Rates may change with out prior notice. Some conditions apply. Call the hot line for details.
HOT LINE (416) 845 0021