Securing a second mortgage from a private lender is a great way to clear some debt.

Owning a home comes with a number of benefits. Aside from the obvious ones, it means that if you ever need a large sum of money, you have a tremendous source of collateral. In short, take out a second mortgage and you’ll have the capital necessary to cover large debts or get started with another big investment.

Of course, securing a second mortgage isn’t going to be that easy. Nothing involving a sum this large ever is. This is why many people go with a private second mortgage. In general, private lenders tend to be a lot more flexible than their larger, institutional counterparts. Not only will they consider a wider range of applicants, but they are also more flexible in the terms they offer. So even if you have bad credit or other unique requirements, they can often help.

Nonetheless, as helpful as private lenders are, you don’t want to simply sign paperwork with the first one to offer you acceptable terms. You may be able to find a lender who will be even more accommodating. Considering what a big decision this is, it would definitely be worth holding out.

The good news is that this no longer needs to be an arduous, prolonged process. At Mortgage Captain, we’ve made it as simple as possible. All you have to do is fill out our online application from the comfort of your own home and you’ll be considered by over 50 lenders.

Fill out the application today or give us a call at 1-613-296-3892 to speak with one of our helpful team members.