Second Mortgages
A second mortgage is an additional mortgage charge, registered second, against the title of your property. Your first mortgage payment remains the same and an additional second payment is added.
Use your equity for debt consolidation, renovations, investments and more!
A second mortgage will allow you to obtain up to 100% of the equity in your home. It is a way of refinancing your existing mortgage while avoiding the discharge penalties on your first mortgage. There are closing costs associated with second mortgages, but these are usually added to the loan amount and paid out from the mortgage proceeds on closing.
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