Are you a homeowner living in Brampton who is wondering how you might access the equity in your home to get some cash? One solution is a second mortgage. A second mortgage is simply a secured loan that uses your home equity as collateral. Most lenders will allow you to borrow to 80% of your home equity when you get a second mortgage. In other words, if you have $200,000 in home equity, you may be able to borrow up to $160,000 with a second mortgage.
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Published on April 26, 2022
Published by secondmortgageca
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