Toronto, ON -- (SBWIRE) -- 01/19/2017 -- Mortgage Broker Store in Ontario has been helping homeowners across the province get alternative financing. They are now looking to expand into the Brantford market.
Second mortgages in Brantford are additional loans that homeowners can take on their house even after it has been mortgaged. Most lenders consider these loans to be riskier than a first mortgage – because they will be in the 2nd position on the property's title.
One of the special services offered by Mortgage Broker Store is stopping Power of Sale and Foreclosure. When homeowners default on paying their mortgages and the property is taken into possession – either through a Power of Sale or a Foreclosure – the first lender will be paid first then the second lender is paid.
To prevent this situation, Mortgage Broker Store is now providing second mortgages in Brantford while ensuring that the homeowners are able to clear their loans. In most cases, the company helps the homeowners find alternatives financing – such as showing them how to rent out their basements or garages for additional income. By doing so, it becomes easier for them to pay off their mortgages with less hassle.
A second mortgage can be used to consolidate any existing debt. Further, it can help meet any other financial commitments a person might have. In the long run, a person's credit score will improve drastically and they will be able to get back on their feet, financially speaking.
To find out whether applicants apply, Mortgage Broker Store typically looks at two main criteria: home equity, and secured debts on the property.
About Mortgage Broker Store
The team at Mortgage Broker Store has over a decade of experience in arranging alternative financing solutions for its clients. The company's founder, Ron Alphonso, is both a private mortgage lender and mortgage broker. Ron has been featured in many prominent Canadian news outlets such as Global News, Toronto Star, and Toronto Life. The brokerage specializes in second mortgages, bad credit mortgages, stopping power of sale, and home equity loans.
To learn more about second mortgages in Ontario, get in touch with Ron at www.mortgagebrokerstore.com or call them at 416-499-2122.
Mortgage Broker Store,
Brokerage Number: 12800
100 Consilium Pl Suite 200 Toronto, ON, M1H 3E3, Canada
Phone Number: 416-499-2122
Email Address: firstname.lastname@example.org