The need of funding can arise at any time. Irrespective of how much debt you already have under your name, you might need a fresh supply of funds to support the current or future needs. How have you planned to meet the requirements for funds for any such requirement? Well, Second Mortgage is a striking option to cover your financial needs with an affordable loan option that can be availed against a property already put under mortgage. Whether you want to invest in your business or buy a property, second mortgage is by far the most beneficial way to arrange the right finances.

What is second Mortgage?

Second Mortgage, as the name suggests, is a loan taken against a property which is already in mortgage. The only condition under a second mortgage is that the mortgage will be the second priority in case of borrower default. Simply put, in case the borrower defaults, the first mortgage will be on priority than the second for payoff.

Usually, second mortgage is offered in two product types: a home equity loan or a home equity line of credit (HELOC).

Why avail Second Mortgage?

While deciding whether or not to proceed with the Second Mortgage might be intimidating, it indeed has a range of benefits to offer. With the right consultation from a reliable and experienced Second Mortgage broker, you can ensure that you secure the best Second Mortgage option that allows you to:

• Avail large amounts of credit
• Secure affordable interest rates
• Consolidate various bills, debts, etc. 
• Consider repairs or improvements
• Finance a new or used vehicle
• Establish a business
• Cover the cost of secondary education
• Invest in large purchases

At Dark Horse Mortgage, we ensure that you get the best Second Mortgage option for your requirements. Our second mortgage brokers/ agents work in close collaboration with you and ensure that you are offered a range of suitable options to meet your financial goals