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2nd & 3rd Mortgage

Take Out another Mortgage for a Quick Infusion of Cash

MortgageBee can also broker second or third residential private mortgages. A second or third mortgage allows homeowners to turn home equity into cash.

As with first mortgages, private second or third mortgages have flexible criteria and negotiable terms, so they can be tailored to the borrower’s specific needs. Borrowers also have flexibility in how they use the money.

You can use a second or third mortgage to:

  • Pay off or consolidate consumer debt
  • Settle tax arrears, collections, judgments, or liens
  • Refinance other loans without paying penalties
  • Finance renovations in preparation for resale
  • Increase cash flow or manage gaps in income

MortgageBee’s private lending experts can secure your second or third mortgage quickly and easily. You don’t need great credit or proof of income, and you can get approval within 24 hours.

Learn more about the advantages of a second or third mortgage from a private lender when you contact MortgageBee.

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Latest blog post

  • Pick the best mortgage. Jul 07 2015

    To pick the best mortgage you need to understand your options. The first step is to determine the best type of mortgage for your situation. For instance, if you think you’ll be relocated elsewhere in Canada before five years, a portable mortgage may be your best option. Or if you want to avoid extra fees you’ll want to get a conventional mortgage.

  • 6.5 Million Households Skipping A Great Chance To Refinance Jul 07 2015

    Mortgage rates have dropped back below 4 percent, lowering the cost of homeownership and putting millions of U.S. homeowners in the money to refinance.

  • Lenders rekindle interest only mortgage deals Jul 07 2015

    Lenders have begun to reintroduce interest-only mortgages to the masses. See if this mortgage product is right for you, call us at MortgageBee.

Happy clients

  • I had a bit of difficulty in terms of the whole terminology involved with the process, what with all the rates and legal jargon, and I headed to MortgageBee to see if they could explain it to me. A broker sat me down and explained EVERYTHING, left no stone unturned.

    ~ Jackson ~
  • Magnificent job! Got me an interest rate that no one else even came close to. Thanks guys!
    ~ Jennifer ~
  • Great customer service, very easy to contact their brokers in regards to any questions I had through the process. Made the whole daunting process seem a lot easier, they were great at keeping my stress levels low.
    ~ Maxim ~
  • Having used big banks before, my wife and I’ve decided to make the switch to a brokerage, and MortgageBee has been able to meet all the same benefits of using a big bank, with a lower rate and terms that work way better for us. We’re very grateful that you’ve been able to do that for us.
    ~ Tomasz and Georgia ~
  • I am totally happy with the way MortgageBee handled our mortgage! They were very happy and willing to help us out with our mortgage. Without them it would’ve been a much lengthier, more difficult process.

    ~ Lyudmila ~
  • Over the years I’ve built up quite a credit score that’s been holding me down, I wasn’t sure there was anyway any institution would fund me. Someone referred me to MortgageBee, and I got approved and financed for a 2nd mortgage! All thanks to all of their dedicated professionals; couldn’t have done it without you guys. Thanks!
    ~ Jeremy ~
  • Happy Easter2! Sarah and I received your generous gift card this week and I just wanted to make sure I took the time to thank you. Thank you, very much. Not just for the gift card, but more so for all the help and patience in helping Sarah and I with everything over the years.
    ~ Ross & Rachel ~
 
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