When you purchase your house typically what happens is you
arrange a new mortgage to cover the amount needed to buy your house. This
mortgage is then registered on the title of your new house which is then called
a 1st mortgage. It becomes the 1st mortgage because it is the 1st charge
registered on the property title. We can provide poor credit mortgages
also.
2nd mortgages are basically loans registered against your
property title. They are called 2nd mortgages because the are the 2nd
charge registered against your property title. In this process we
would not touch your 1st mortgage. Everything would remain the same on
it.
Bayfield Mortgage Professionals Ltd. has our own in house
mortgage investors so as a result we have access to lots of money for
use in these cases. I am constantly in search on new
investors and products and as a result have found lots of additional investors
which I can use for 2nd mortgages.
Several common Uses for the money borrowed here include;
- Debt Consolidation
- Pay off Collections
- Pay off Judgments
- Clear up a revenue Canada debt
- Get your house out of foreclosure
- Reduce monthly payments
- Improve credit rating
- Pay off your credit cards
- Not reliant on Credit
- Not reliant on Income
- And much, much more.
Shawn Mooney | Bayfield Mortgage Professionals Ltd.
Broker of Record
Your Mortgage Broker for Life
Bus. # 403-945-8769 | Mobile # 403-828-1838
Email: mortgages@shawnmooney.com
Website: www.shawnmooney.com
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