Second Mortgages in Burlington

Going through a financial crisis is mentally stressful, especially if you have debts that need to be paid off. Well, we offer you the option of taking a second mortgage on your home so you can pay off those without any hassle. At Matrix Mortgage, we offer flexible money lending solutions and low-interest rates. Contact us today for more details, we are based in Burlington.

What is a second mortgage?

If you are new to the idea of a second mortgage, let us explain it to you. The term itself is self-explanatory, you are taking another mortgage on your home which already has a first mortgage. This may sound like a wrong investment which may lead you to further financial problems, but it is not.

A second mortgage enables you to tap into the equity that you have built on your home over the years. Our team can help you get that equity amount, so you can use that money to pay off your debts, be it taxes or something else.

You can use up to 85% of the equity amount for your money based on your requirements. Our team member can advise you on how much you should apply for. Another good news is the interest rates for a second mortgage loan are very low. So you don’t have to worry about spending extra on just to pay off the loan. If you have any queries, feel free to get in touch with our team. We are one of the leading mortgage brokerage firms in Burlington have over 10 years of experience in this trade. Our team members can resolve your queries without any hassle.

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Getting you through your financial problems

Your financial stability may not be exactly how you would like it to be. When you are late on paying your taxes or credit card payments, we understand, it can be mentally taxing. We have a solution for you. Use the equity of your home to pay off your debts and make yourself stress-free.

Just give us a call and discuss your requirements. We can advise you on how much you should take and how you can repay the amount. If you are worried about your bad credit or tax history, you don’t have to be. We will offer you the loan, regardless of your income or credit history. You also have the benefit of paying off your interest in a single instalment. Our turnaround time is as low as 10 minutes.

Other than paying off your debts

It’s not necessary that you take a second mortgage just to pay off your debts. Here are a list of options that you invest your equity amount in
  • You can invest it in a new business venture
  • Home improvements
  • For higher education
  • For a new vehicle

The options are endless.

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The advantages of a second mortgage

  1. Significant loan amount: While taking a second mortgage, you would be getting a lump sum amount which you can invest in any venture.
  2. Low-interest rates: Second mortgages have very low-interest rates so you don’t need to worry about paying high premiums.
  3. Tax benefits: You might be eligible for a tax deduction for the interest paid on your second mortgage. Check with your tax preparer for technicalities.

For further details on second mortgages, contact Matrix Mortgage today.

If you wish to renovate your home or expand your business, we can help. We offer reliable second mortgage solutions. Our professional and qualified team is here to help you with all aspects of your mortgage. Speak to our mortgage brokers now. We will be happy to help you with all your requirements.

Celebrating 10 years Of solution based lending

Matrix Mortgage Global is proud to be celebrating 10 years of successfully providing solution based lending options to Canadian homeowners. Since 2008, we have grown our business, expanded our mortgage solution offers, and provided thousands of homeowners in Burlington and across Ontario, with the financial assistance, they need to help them overcome financial issues and get back on their feet.

Today we have grown into Canada’s Mortgage Company. We have more than 100 brokers on staff and we continue to expand our offerings to better serve our current and future customers. We are extremely proud of these accomplishments and we look forward to building on them and provide our valued customers with even better mortgage solutions and customer service in the future. Thank you for choosing Matrix Mortgage Global!

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Current Mortgage

  • Home Worth $400,000
  • Current Interest Rate 3.0%
  • Current 1st Mortgage Payment $1,050
  • $250,000 Mortgage Balance
  • $50,000 Mortgage Requested
  • $25,000 Tax Arrears $500/month
  • $25,000 Credit Cards $750/month
  • Total $2,750/month

Second Mortgage

  • Home Worth $400,000
  • Current Interest Rate 3.0%
  • Current 1st Mortgage Payment $1,050
  • $250,000 Mortgage Balance
  • 2nd Mortgage Payment $250
  • $25,000 Tax Arrears Paid
  • $25,000 Credit Cards Paid
  • Total $1,300/month

You Save $1,450/month!!!

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