Every month you wait, more of your payment goes to interest you shouldn't be paying.
Your equity is already built, and it can start working for you this month. The sooner you see your real numbers, the sooner that money stays with you.
No. The initial quote is a soft credit check, which has zero impact on your score. We only run a hard pull once you've reviewed the offer and you ask us to move forward. Even then, the temporary dip is small and recoverable.
Yes. This is most of what we do. Banks underwrite paperwork; private and alternative lenders underwrite home equity. Bruised credit, collections, active consumer proposals, even discharged bankruptcies: none of it is automatically disqualifying if you have sufficient equity.
Most lenders allow up to 80% of your home's appraised value (combined with your first mortgage). Some private lenders go higher. Example: a $700,000 home with a $400,000 first mortgage may unlock up to ~$160,000 of equity as a second mortgage.
Not unless you stop paying. Same as your first mortgage. A 2nd mortgage is secured by your home, but lenders avoid foreclosure (it costs them more than they recover). Our entire job is to structure a payment you can actually afford, so default never becomes the conversation.
A 2nd mortgage is a lump sum with fixed payments. Best for one-time consolidation. A HELOC is a revolving line you draw as needed. Best for ongoing flexibility. We compare both side-by-side and recommend the one that costs less.
Approval typically within 24 hours. Funding usually 7-10 business days from approval, depending on appraisal and legal coordination. We've closed urgent power-of-sale files in under 7. We will not lie to you about timing. We tell you the realistic window the moment we look at your file.
