If you need a loan, taking out a second mortgage can secure you thousands of dollars.

From time to time, we could all use a little help with our finances. Maybe it’s because we’d like to renovate our home or help a son or daughter pay for college. Whatever the case, for most of us, the best option available is to take out a second mortgage. Just like the initial mortgage, this loan uses your house as collateral, meaning you can immediately secure thousands of dollars for any number of reasons.

Private second mortgage lenders are especially helpful for this purpose as they tend to be more open about qualifying guidelines. A lot of times, people in need of money may not get the help they need from their original lender, but by going to the private market, they’re still able to secure a second mortgage. As they tend to be smaller than institutional lenders, they’re also more flexible and can come to terms that will fit your unique situation.

Still, it’s important that you consider a wide array of private lenders before making a choice. While it can be tempting to simply sign with any lender willing to give you the money you need and the terms you want, remember that this decision will affect you for years to come – maybe even a decade or more. Shop around and you may even find a lender willing to give you terms better than you had even hoped for. There’s a lot of competition out there.

Instead of going from lender to lender on your own, let Mortgage Captain help. We can put a network of over 50 lenders at your disposal, so you’re sure to secure a second mortgage that is as favorable as possible. Give us a call at 1-613-296-3892 to begin the process.