Brampton Mortgage Broker – Rumy Gill

Commercial & Residential Mortgages. “Ready To Fund!”

Brampton Mortgage Broker - Rumy Gill

Self Employed Mortgage

Rumy Gill - Mortgage Broker

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SECURE MORTGAGE APPLICATION FORM

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Self Employed Mortgage Approvals Made Easy!

Self Employed Mortgage: We'll take care of your Mortgage so You can Focus on your Business!

Self Employed Mortgage Approved have their own set of challenges which need to be addressed and that is why you need an expert on your side to help navigate you through the process. Let a 5 Star Mortgage Broker, Rumy Gill, help get your Self Employed Mortgage Approved so you can get back to focusing on growing your Business.
Clients Trust Rumy Gill to Help find them the Best Mortgage when it comes to a your Mortgage Refinance, and you should too!

Self Employed Mortgage Approvals for all Situation:

Our Goal is to Help Approve your Self Employed Mortgage Situations, and that means We'll find a Way to get your Self Employed Mortgage Approved!

Being Self Employed can be very rewarding Personally and Financially, but it does not come without its own set of challenges and stress. While you are working hard on establishing and growing your business there are a lot factors in play and when it comes to your Self Employed Mortgage options, the Banks won’t make it easy for you to get Approved, but Brampton Mortgage Broker – Rumy Gill can.

Self Employed Mortgage Challenges we are able to Help with:

No matter what your situation is, you can count on Brampton Mortgage Broker – Rumy Gill to help guide you in the direction for your Self Employed Mortgage Approval. We will find you the best option for your situation so yo can get back to your Business.

Here is a List of Self Employed Professions we Help for Self Employed Mortgage Approvals:

When it comes to Self Employed Mortgage situations clients trust us to get their Mortgage Approved and so they can get back to running their Business and you should too!

CONTACT US TODAY TO GET YOUR MORTGAGE APPROVED.

We are always here to Help, Your local and trusted second mortgage Brampton team! Looking for a mortgage refinance, or a bad credit mortgage in Brampton? Contact us on 416-855-0545 Ext 101. We can help with your private and commercial mortgages in Brampton.

Frequently Asked Questions

A Second Mortgage is a loan secured by your home where you leverage your home equity to get cash for your needs. Home Equity is the difference between the value of a home and what is still owed on the mortgage. For example, if the market value of your home is $300,000 and you owe $200,000 on the mortgage, you have $100,000 in home equity. Second Mortgages typically have a fixed interest rate, fixed monthly payment and fixed term.
A Second charge Mortgage allows you to use any equity you have in your home as security against another loan. It means you will have two mortgages on your home. Equity is the percentage of your property owned outright by you, which is the value of the home minus any mortgage owed on it.
For people struggling with Consumer Debt, taking out a Second Mortgage to pay off Credit Cards can mean lower payments at a lesser interest rate. Resulting in huge savings each month. These savings can be applied to pay down your first mortgage in lump sum payments or in extra monthly payments (which can be applied directly to the principal amount, as long as your current mortgage allows for it) and other debts so you can become debt free faster.
From Start to Finish, getting a Second Mortgage can take as little as a few days to few weeks. Typically it can take anywhere from a few hours to a few days to get Approved for a Second Mortgage. To recieve Cash (funds) an take anywhere from a few days if everything is in order and ready to close, or it can take up to a few weeks, if you just starting to get everything in places like ordering an appriasal and gathering documents. In order to qualify for a Second Mortgage, most lenders will require your loan-to-value ratio be 85 percent or lower. So long as you reach that goal, it doesn't matter whether you've owned your home for five years or five minutes.
You can get a Second Mortgage even with bad credit as long as you have a loan-to-value ratio be 85 percent or lower. This is because you're using your home to guarantee the loan. Lenders like having property as collateral as it security if you were to default on the Second Mortgage but do not like to be in situations where the borrow is in default with payments. To eliminate any doubt in the lenders mind and get Approved, you will need to show some type of proof that you can support the payments and be able to repay back the Second Mortgage amount you are looking to borrow at the end of the term.