Private Mortgage Lenders & Home Equity Loans
Vancouver, BC

Private Mortgage Lenders & Home Equity Loans | Vancouver, BC

We all go through hard times, but there is a solution out there. You may have poor credit and little to no income yet own a property in Vancouver, British Columbia. If you are having difficulty getting approved by the bank, a home equity loan with Silver Hill is very realistic based on the available equity you have. This would be registered in behind your first mortgage, as a separate loan. In most cases, you may be eligible to access up to 75% of your homes value by way of a second mortgage.

There are so many benefits associated with home equity loans in Vancouver:

• You may avoid breaking your first mortgage and suffer having to pay an enormous penalty to the first mortgage lender, and potentially giving up a good interest rate.
• You may access a large sum of cash using your home as collateral, with far less requirements for approval, unlike the banks.
• You may save significantly on interest rate costs, by using a second mortgage loan 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. A second mortgage 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. This will also allow you to free up any extra cash each month, now that you only have one easy payment
• You may be self-employed, and have difficulty qualifying for a loan through your bank. The income verification process through a bank for self employed is very detailed. Qualifying for a second mortgage as self-employed is simple, provided you have the equity in your home.
• You may have poor credit and little to no income yet own a property. Again, a second mortgage option is very realistic based on the available equity you have.
• You may need funds urgently due an emergency or unexpected situation. Second mortgages are easy to obtain and are typically funded very quickly. It certainly is a great benefit to get access to funds in short order.

We deal with private mortgage lenders in Vancouver who focus on the available equity you have and not income or credit. Our lenders will look beyond your challenges and use a make sense approach when approving you loan. We all go through hard times, but there is a solution out there. You may have poor credit and little to no income yet own a property in Vancouver or elsewhere in the Lower Mainland. Again, a home equity loan option is very realistic based on the available equity you have. Get in touch with us today to learn more.

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