THIRD MORTGAGE BC CALL 1-877-744-3436.
A Third mortgage is a lien on title of your home that is subordinate to the first mortgage and second mortgage charge. Third mortgage loan financing is a fast & simple way to obtain quick cash using the equity built up in your home. 3rd Mortgage loans sizes are smaller than your 1st &/or 2nd mortgage charge due to the equity held as security. Loans are used for a variety of reasons like, Home Renovation, Debt Consolidation, Business Capital, Liens or Judgment Payouts, Loss of Job Bridge Loans etc. Approvals are easy using your home in British Columbia Canada. Call today to start your application or apply online.
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What Are Third Mortgage Loans
3rd Mortgage financing puts a charge on title subordinate to the 1st Mortgage & 2nd Mortgage. If default occurs the third mortgage gets paid out after the First Mortgage & Second Mortgage. Most cases a third mortgage have interest only payments. We have mortgage lenders for 3rd Mortgages in BC call today
What Are Third Mortgage Loan Risks
A Third mortgage has a variety of different risk factors dependent upon the charges that sit in priority. Sometimes the 1st mortgage & 2nd mortgage are with the same financial institution. In these cases those charges usually have lower interest rates and the degree of risk to the third mortgage holder is lessened slightly due to the interest.
Higher Third Mortgage Loan Risks Factors
Cases where the mortgages in priority are combined with a bank and a private lender or in the most rarest cases where the 1st mortgage & 2nd mortgage are both a private lender you will find a 3rd mortgage will come at a much higher interest rate. I can assist you with obtaining a third mortgage in British Columbia Canada please call or apply online for more details.
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