When helping you find money, even for a short-term need, there may be a mortgage solution that fits your needs. Whether or not you already have a mortgage, let’s discuss your needs and find a solution.
Here are a number of other mortgage solutions you may want to discuss.
Second Mortgage
A second mortgage is simply a mortgage that goes behind your first mortgage. Often they are a short term mortgage with a smaller mortgage amount and a higher interest rate as compared to your first mortgage. They can be a good option for some people who require the use of their home’s equity and do not wish to break their current mortgage. Either they will pay off the second mortgage quickly or they are using it as a way to access their equity sooner than waiting for their term to mature. A third mortgage is the same idea as a second mortgage and a third mortgage would behind a second mortgage. A third mortgage would also have a higher interest as well.
Private Mortgage
A private mortgage is an option for someone who almost qualifies for an alternative lender but may need extra time to build their credit, earn more income, save more of a down payment, or build their net worth. They are often used for short term gaps of time. I help both people who are seeking a private mortgage or those who are wishing to be a private lender.
Reverse Mortgage
If you are 55+, you may find you have more options to get the equity out of your home for whatever reason you may need tax-free cash, in either the form of a lump sum advance or you need flexible ways of supplementing your income.
Construction
Building a house from the ground up has it own challenges, let’s find ways to make the financing the easy step.