Second Mortgages
A second mortgage is an additional mortgage secured against the equity in your home. An approval will be based on the equity in your home. Since your approval is based on equity you will be approved even with poor credit or proof of income.
Reasons For A Second Mortgage: 
Consolidate Debt:
With a second mortgage you can consolidate many debts into one easy to manage monthly payment. Many borrowers see their credit score increase after they consolidate debt, because all their unsecured debt is paid off. This helps them qualify for better lending products in the future.
Home Renovations:
You can use the equity in your home to pay for improvements to your home. This can potentially increase the value of your home. Some renovations are also necessary, such as fixing a leaking roof. We can provide you with funds quickly to help you fund those urgent projects.
Paying Mortgage And Tax Arrears:
A second mortgage will help you catch up on your missed home, loan (car) and property tax payments. In extreme cases when a lender or municipality is threatening power of sale, secondary financing can help. You can use your equity to bring your payments up to date and stop the power of sale.
Cash On Hand:
You can also use the equity in your home and have the cash on hand to pay for various expenses. This can be for emergencies, education, or to buy a new car.
A second mortgage is not a long term solution. I always work with my clients to ensure that they can improve their overall financial position. Contact me for a free consultation, or Apply Now.