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Things to Know About Second mortgages Ontario

Second mortgages in Ontario can be a useful way to access additional funds, but they come with higher interest rates and fees. Apply for Second mortgages Ontario with Tembo Financial a Mortgage Brokerage and non-traditional finance company.<br><br>https://www.tembofinancial.com/services/mortgages/

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Things to Know About Second mortgages Ontario

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  1. Things to Know About Second mortgages Ontario

  2. What is Second Mortgages Ontario? Second mortgages in Ontario can be a useful way to access additional funds, but they come with higher interest rates and fees. Lenders may also require a lower loan-to-value ratio and may prioritize repayment over other debts before applying for Second mortgages Ontario. It's important to fully understand the terms and risks before taking on a second mortgage.Tembo Financial is here to help, offering 1st, 2nd and even 3rd mortgages!

  3. Reasons to Apply for a Second Mortgage Ontario? There are many reasons to take out a second, or third mortgage, including the following scenarios: • Consolidate and pay off debt • Unexpected large expenses • Home renovations

  4. Benefits of Second Mortgage Ontario • Same day commitments • Flexible terms available • Funding in 48 hours* • No income/employment verification in most cases • Up to 85% LTV on sold properties • Interest only payments • No prepayment penalty- option available • Prepay interest upfront from the advance • Power of Sale/Foreclosure buyouts • Mortgage arrears • Tax arrears

  5. Get in Touch Website: TEMBO FINANCIAL Facebook: https://www.facebook.com/tembofinancial Twitter: https://twitter.com/tembofinancial Linkedin: https://www.linkedin.com/company/tembo-financial-inc-/ Instagram: https://www.instagram.com/tembofinancial/

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