Do you co-own a property with a partner, sibling, or parent in Vancouver or the Lower Mainland? If you co-own a property, a partial interest mortgage allows for partial interest financing to help you take out a loan using your interest in the property. We will arrange an partial interest mortgage on your interest in the property without hesitation, and without involving the other party you co-own with. Our portfolio of private lenders will help you access the funds you need by securing an half interest mortgage on your portion of the home equity that you have available.
This will allow you to take care of what needs attention financially, and not have to involve and concern the other party you co-own with. There are not many companies who offer this type of financing, but we have help numerous private lenders who are familiar and engage in half interest mortgage financing.
There are many benefits to having a half/partial interest mortgage:
You do not have to involve the other party you own the property with. The loan is secured against your portion of the equity only.
You may save significantly on interest rate costs, by using a half/partial interest mortgage to pay off any high interest credit card debt you might have. This is because second mortgage rates are usually lower than credit card interest. Half/partial interest mortgages would offer a great opportunity to consolidate all of your debt into one simple easy monthly payment. You can take control of your finances and not worry with a half interest mortgage. This will also allow you to free up any extra cash each month, now that you only have one easy payment.
You may have poor credit and little to no income yet own a property. A half/partial interest mortgage option is very realistic based on the available equity you have. Whether you may need funds urgently due an emergency or unexpected situation, a half/partial interest mortgage is easy to obtain and are typically funded very quickly. It certainly is a great benefit to get access to funds in short order.
Half / partial interest mortgages are ideal for consolidating your debt which will help improve your credit score, free up the credit you pay off and let you hold on to extra cash in your pocket each month. Why not make one easy payment with one interest rate, instead of multiple bill payments each month?
Please contact us for further information, if you have any questions or are interested in learning more about half/partial interest mortgages.
Silver Hill Mortgage Corp. Head Office
2902 West Broadway | Suite #302
Vancouver, BC, Canada V6K 2G8
F: 855.299.5832 (Toll Free)
Stay in Touch
Silver Hill Mortgage Corp. is a trusted industry leader in delivering home equity loans and other private mortgage financing solutions for homeowners and bank declined customers in British Columbia. Get in touch to get approved today.
Copyright © 2024 Silver Hill Mortgage Corp.
All rights reserved.