second mortgage

Second mortgage even with bad credit

Do you need quick access to cash for your financial needs? A 2nd mortgage is a great solution for homeowners to get funds. You may convert a part of your home equity into cash.

Advantages of a Second mortgage equity loan?

  1. Based on your property equity. ( equity, property location, property value)
  2. Not focused on credit
  3. Income not considered the same way institutional lender do.  

We will help you get attractive second mortgage interest rates and favorable repayment terms.  In addition, we will set up your new 2nd mortgage as an interim solution, and plan ahead with an exit strategy to payout the second mortgage.  Please call us to discuss this in more detail.

Second mortgage rate promotions as follows:

  • From 3.99% on a limited time basis  ( conditions apply, please email or call us)
  • UP to 85% LTV ( conditions apply, please call or email us
  • For limited time only we have Helocs available in second position

Second mortgage Highlights

  • We lend up to 85% LTV
  • Equity-Based Loans
  • No Income Verification
  • Bad Credit Accepted
  • Same Day Approvals
  • Quick Closings

Quick Funds for

  • Debt consolidation
  • Collections settlement
  • Pay off CRA personal and corporate Tax or liens
  • Settle judgments and garnishments
  • Home Renovations
  • Funds for a down payment for a 2nd home, cottage or investment property
  • Funds for anything you like

Other Second Mortgage features:

  • interest only payments
  • amortized payments on request
  • Open terms for early payouts
  • Renewable after the initial term
  • 1, 2, or 3 year terms available
  • Home equity line available

FAQs

    • What are 2nd Mortgages Equity Loans?
      It refers to a home equity loan which allows you to borrow money from your home equity.   The 2nd home loan is based on the appraised value of your home minus the amount you owe on your first mortgage. The loan amount depends on the equity of your home.  Credit and income are usually not a factor on equity take out mortgages. 

 

What if you do not qualify?   You will if you have sufficient equity built up. Learn More »

For more information on our mortgage solutions, call us today 1-877 237-2601.

2ND MORTGAGE QUICK QUALIFY

Good Credit? Bad Credit? Or No Credit? We are 100% committed to give you the best 2nd mortgage experience!


PURCHASE PRE QUALIFIER

Ready to purchase your new home? Response in hours!

OUR B LENDING RATES

Guide to our bad credit mortgage rates

FIRST TIME HOME BUYER SPECIAL PROGRAMS

RMA Mortgages offers first time home buyer special mortgage programs to qualified borrowers. Click the links below for more information.
  • Mortgage for Self Employed Individuals
  • Mortgage for New Canadian Immigrants
  • Mortgage for Canada Non-Residents

MORTGAGE RATES

PAY OFF YOUR CREDIT CARDS!

Special 2nd mortgage rate 4.99%!
Conditions apply Oac