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