Second Mortgages with Yes Plan Financial
Need a second mortgage? Yes Plan Financial offers a wide range of flexible home loan options and affordable rates and terms for second mortgages for home owners in Edmonton, Calgary, and all of Alberta. Second mortgages from Yes Plan Financial give you the opportunity to finance a major purchase or consolidate your debts. If you are looking to use a second mortgage to reduce your debts or make home improvements then you should consider Yes Plan second mortgages.
We offer a diverse range of flexible home loan options and affordable rates on second mortgages. Our mortgage loan process is fast and easy. We can get you a pre-approval from Yes Plan in less than a day, sometimes in as little as a few hours. Find out why people in Edmonton, Calgary, and all of Alberta rely on Yes Plan mortgages.
Is a Second Mortgage Right for You?
Taking advantage of Yes Plans Financial’s mortgage program can benefit you by paying down your high interest credit card debts, doing home improvements and renovations, or even taking a well deserved, relaxing holiday. Yes Plan Financial has a mortgage plan that will suit your needs with our second mortgages.
Our second mortgages can help with financing on your major expenses. Using a second mortgage to cover purchases such as home renovations can provide you with lower rates than alternatives like credit cards or personal loans. A fixed second mortgage loan through Yes Plan allows you to pay off your expenses in one lump sum, with a low, locked-in rate that you can count on. If you are looking to renew, refinance or consolidate debt then your best solution is Yes Plan Financial second mortgages.
When Would You Need a Second Mortgate?
Let’s say you have a house in Edmonton that’s worth $250,000, and the first mortgage on the property costs $150,000. You also have repairs going on with the property, which costs about $20,000. Taking out a second mortgage to cover the repair costs would give you a $170,00 total on your mortgage, plus $80,000 in equity. With two mortgage payments, you’ll have a larger payment on the first mortgage, and a lower payment on the second mortgage.
In addition, the money you spend with the second mortgage isn’t limited to just repairs for the house. You could also use it to pay off other debts such as high-interest credit cards, car loans, and more.
Second mortgages also have lower interest rates compared other financing options. For example, if you had $20,000 on the second mortgage with a 5% interest rate, you’d get approximately $106.74 in monthly principal and interest payments. In contrast, if you had the same amount of credit card debt with 12%, you’d be paying more than $500 monthly.
Are Yes Plan Financial Second Mortgages your best option?
Yes Plan Financial and our mortgage broker partners will work to get you the best rates on your mortgage or second mortgage. At Yes Plan Financial we keep the costs of mortgages down in Alberta with low closing costs through our experienced network of lender partners. All Yes Plan Financial and our mortgage broker partner second mortgages or mortgage renewals carry competitive rates. Keep the equity in your home with our first and second mortgages.
The Yes Plan offers home equity lines of credit at competitive rates throughout Edmonton, Calgary, and all of Alberta. Yes Plan Financial’s mortgage and home financing offerings can meet a variety of financial needs. Mortgage rates can be locked in or we can arrange open mortgages. We can also lock in your rates long term which will save you money. Take advantage of today’s low interest rates and have Yes Plan Financial go to work on your next mortgage.
Mortgages in Alberta from Yes Plan Financial will offer you competitive mortgage rates and flexible options. We are here to help you, contact us today or use our simple application for second mortgages.