Ajax Mortgages

We specialize in Mortgage Refinancing in Ajax

Even if you already have a mortgage on your home, know that you can use the equity you’ve acquired as a source of funds. Homeowners can take out a loan of up to 80% of the paid-off equity of their homes and use the money to cover any high-interest debts and obligations they have. For instance, you might have credit card debt that is incurring high interest. Rest assured that you won’t incur penalties and the funds can be easily used to consolidate loans and convert them into a single instalment that you’ll pay each month. Consolidating loans can also help you plan your finances and become debt-free sooner. 

Mortgage Broker you Can Trust for your Debt Consolidation in Ajax

Living in any location in Canada can be challenging when you’re struggling to manage your finances. As a property-owner in Ajax, you have an advantage since the city has many downtown and lakeside locations that are of historical importance, especially areas that face Kempenfelt Bay. Use your property as a valuable source of funds by working with a professional trained in debt consolidation. We have consultants operating out of Cedar Point Drive in Ajax offering non-profit counselling and advice in debt management, debt consolidation, and debt relief.

Get Approved for Second Mortgage in Ajax in Minutes

Getting a second mortgage is one of the most popular methods of getting loan to cover not just emergency expenses, but also to help you get out of debt quickly. Whatever may be the debts you need to pay off including overdue property taxes, past due credit card bills, or any other expenses, the equity you own on your property can help. Contact our consultants and we can help you get started on the road to a debt-free life. 

One of the first factors to keep in mind when applying for a second mortgage is that you may have to pay a higher interest rate as compared to the first loan. But, it is possible to get economical rates if you have a low loan to value ratio. Second mortgage providers take into consideration the percentage of the property you owe as against the percentage you still have to pay off. For instance, a lower than 60% ratio can get you low interest rates.

Take Advantage for the Equity in your Home and Get a HELOC in Ajax

Home Equity Lines of Credit (HELOC) are becoming a popular way of using the value of homes as a source of funds. However, homeowners must understand the loan is taken using real estate as security. It is advisable to use the money only for emergency situations and not, say, going on vacation or buying a car. Private lenders who provide second mortgages are not obligated to follow the terms and conditions applicable to banks giving out first mortgages. You only need to be a home owner with equity on the property to be eligible for the second loan.

Our expert mortgage brokers in Ajax will provide the best guidance on how you can use the value of your home to get loans and pay off immediate expenses. Rely on our guidance for valuable information about real estate in Ajax.