Are you thinking of getting a second mortgage in addition to your first mortgage? A second mortgage can be a wise decision for some as it is often a one to two year mortgage. Yet, the interest rate of a second mortgage is always much higher than a first mortgage.
Have you considered the extra costs associated with a second mortgage and the risk factors? For some, a second mortgage makes sense while for others there are other options to consider in meeting your financial goals.
Let's us help you find out if a second mortgage is right for you?
At MyTerms.ca our qualified mortgage brokers will assess your needs and discuss your options with you. Call us today to discuss your options at (416) 915-5500.
