Lic 10845, Independently Owned & Operated
Lic 10845, Independently Owned & Operated
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Second Mortgage
Quick & Simple Application
- Homeowners are Approved
- All Credit type Accepted
Best Mortgage Rates
Get Second Mortgage in Cambridge
You need only 20% of the value of the property invested in a home. The rest can be easily withdrawn through a second mortgage in Cambridge. Idle equity in a home simply means uninvested immobile money in your cupboard. Equity in your home is your own property and can be employed where ever you wish. Why keep it idle then?
Things You Can do With a Second Mortgage in Cambridge
- Pay back Your First Mortgage in case you are getting a better interest rate or term
- Fulfill your Medical or Educational Expenses
- Fund Your New Business Venture
- Lend on a Higher Rate
- In Short, Earn returns on Your Money
AKAL Mortgages Inc. have been providing Second Mortgages in Cambridge since a decade now and can help you secure the best terms with a quick process.
How It Works?
- Visit Us with Your First Mortgage Details
- We Will Calculate the Second Mortgage Value You can Borrow
- Fill Your Application
- Get Easy Access to Your Equity
When we say YES! We stand behind our
Mortgage Solutions
We Offer To You
STEPS & PROCESS
Easy Approval Process
CHOOSE YOUR SERVICE
Why You Should Choose AKAL Mortgages Inc.
Borrowers
- When we say YES! We stand behind our promise
- Mortgage solutions based on your needs and qualifications
- Fast approvals and quick closings
- Save time and money
- Lower mortgage rates due to lender discounts and promotions
- Licensed, knowledgeable and experienced
- Protect your credit score
Brokers
- The Most Important: Dedication to our agents!
- Bootcamp-3-days: Learn Lead Generation, Products and Underwriting
- Training: Weekly training and industry updates, One on one support
- Mentoring: Specialize in Residential, Business and Commercial
- Lead Generation: Proven successful campaigns to generate leads
- Personal website; mobile Apps; online virtual meetings, e-signatures
- Lenders: VIP access to more lenders and top tier compensation
- Professional office (at no cost to you): Meet your clients at the office
FAQ
Frequently Asked Questions
Anyone can apply for a second mortgage even a person with a bad credit history there are absolutely no limitations. The lender will see your debt income history and your work history to decide about the amount that can be lent to you .If you take the help of a broker then he will try and reduce your high interest charged by the lender. A broker will also introduce you to many lenders thus making a wider choice of lenders available to you.
Second mortgage is good if you want to make some necessary improvements in your lifestyle and if they cost more than your ready savings. Second mortgage helps in getting you money on your house which is already in mortgage. So it is an additional loan taken on your already mortgaged property but through a different lender of course.
Interest rates are higher on second mortgage loans because the lender has to safeguard his interests since the property he is investing in is already mortgaged he will have secondary rights on it while recovering his loan.