A 2nd mortgage can relieve you from the monthly cash flow drain.
Credit Card vs 2nd Mortgage comparison:
A $20,000 credit card debt at 18% usually comes with a monthly payment of $600.
A $20,000 2nd mortgage at 12% comes to a payment of $200 per month.(interest only) Your monthly cash flow has just improved by $400 per month.
When To Use A 2nd or 3rd Mortgage:
- Bank Declines Your Application
- Need The Funds Temporarily
Benefits Of A Second Mortgage:
- Lowers Your Monthly Payments
- Relieves You From Collection Agency Calls
Give us a call 604 303 9000. We'll see if a second mortgage is right for you.
Or you can fill out the form below and someone will contact you within 24 hrs.
Bello Mortgage Corp.