Axis Mortgage Inc.
Second Mortgages in Lethbridge & Alberta
A second mortgage is additional financing registered behind an existing first mortgage. It can provide access to equity, but rates and fees are generally higher than first-mortgage financing.
Understanding your options
How second mortgages work
How second mortgages work can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
Available equity
Available equity can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
Rates and fees
Rates and fees can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
Debt consolidation
Debt consolidation can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
Exit strategy
Exit strategy can affect the mortgage solution available. I’ll help you understand how lenders may look at this part of your application and what information may be needed.
A mortgage should fit the bigger picture
The lowest advertised rate is not always the only consideration. Prepayment terms, lender fees, penalties, qualification rules and your longer-term plans can all matter. I can help you compare available solutions and understand the terms before you decide.
Serving clients across Alberta. Salvatore Forte is a Mortgage Planner with Axis Mortgage Inc.
Frequently asked questions
Can I find out what options may be available before applying?
Yes. A conversation about your goals, property, income, credit and available equity or down payment can help identify which lender categories may be worth exploring.
Does every lender use the same rules?
No. Mortgage qualification, documentation, property requirements, rates and fees can vary by lender and product.
Will I automatically qualify?
No. Mortgage approval is subject to lender criteria, verification of the application and the property. The goal is to identify realistic options and explain the trade-offs.
Want to discuss your mortgage options?
Tell me what you are trying to accomplish and I’ll help you understand possible next steps.
Contact Sal