Is it Easy to get a second MortgageIt'?s easy to get a second mortgage?
and if so, any tips on lenders?
Mortgage second | Private mortgages for all loans
Are you wondering what happens when you just phoned RE/MAX or went to their offices to resell your house? Is he the best salesman in the business? There is a good chance that your call will be forwarded to the first one to pick up the telephone, or that you will be meeting those who are in the offices because they don't have enough experience/customers; and thus you may not get the desired customer-friendliness.
Mortgage is no different. Having over 500 bonds in my possession, I can authorize mortgage loans that many other agencies and estate agents, even those who have specialized in poor loans and second mortgage loans, cannot authorize. My experience is that I have developed an expansive ecosystem of creditors to deal with difficult circumstances around Ontario, even in small cities and countryside.
The difference between personal loans and conventional loans is that it is up to each agent/broker to find their own sources of personal funding. The majority of brokers have few creditors who use them for every location, resulting in high charges, interest and turn downs, as not every creditor is able to fund every area or every kind of real estate.
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