Bad Credit Mortgage Toronto
Do you have bad credit and require a bad credit mortgage and are located in Toronto? Our bad credit mortgage experts can help you get approved for a mortgage fast.
We understand that getting a Bad Credit mortgage is important. Simply fill out the Bad Credit mortgage form to the right. We promise to contact you within a 24 hour time period.
A Bad Credit mortgage is a common way of financing when the property owner has available equity in the property. A second mortgage can either be a home equity line of credit or a private mortgage. In both cases the property owner’s home is used as security and in the event of default, the first mortgage will be paid before the second mortgage.
In most cases, if the second mortgage is a home equity line of credit (HELOC), it will often have a lower interest rate than other types of financing, such as credit cards and unsecured signature loans. This is usually because the mortgage lender is provided some protection by being given security in the home.
I was frantic about how I was going to be staying a float in the coming months. Business had been declining but our bills were not. We decided that we would take out a second mortgage and had chosen Mortgage Kings to help us through the process. We were thrilled at how simple and painless the second mortgage process was. We wouldn’t recommend anyone else for a second mortgage!
– Jonathan Baldwin