The GET Acceptance Second Mortgage

Why would you need a second mortgage in Vancouver?

There is plenty of money available to you – in your home.

It’s one thing to rent, and see your money disappear month after month. But, if you are a homeowner in Vancouver, BC, you’ve been paying into a mortgage instead. When you own your home, that money is still there, in the form of home equity.

It’s possible to get that money back through means of a second mortgage from GET Acceptance. As opposed to the bank investing the money, it can be yours, to use it to build wealth in your own way. A good route is renovations. Another is to start your own business, or to pay off your debts once and for all. Second mortgages from GET Acceptance allow you to manage your wealth on your own terms.

The first step is to call a GET Acceptance mortgage broker in Vancouver. They will calculate your home equity by taking the current value of your home less what you have owing on your original mortgage. For example, if your home is worth $800,000 and you have $300,000 owing on it - you have $500,000 worth of equity available.

GET Acceptance second mortgages allow you to get a loan on that money by using the $500,000 as security.

Ways To Use A Vancouver Second Mortgage

Starting A Business

If you are from Vancouver, you know just how expensive it is to start a business here. It takes capital - plenty of it. But before you rule yourself out, remember the money you have available to you in your home. A business mortgage can get you the funds to build your dream. Banks often balk at entrepreneurs, but not us, we understand the small businessman, and we can get you the money you need through a second mortgage on your valuable Vancouver home.

Home Renovations

A strong seller’s market is the best time to tackle some of the repairs and renovations around your home. Your projects will need some funding. A second mortgage from GET Acceptance can get you the money you need to help build the overall value of your home.

Before getting ahead of yourself, take the time to consider the motivation behind your home renovation mortgage. If you are looking to add value, think of what new buyers are looking for: new bedrooms, bathrooms, kitchens and fences.  Some renovations add value more than others. However, if you’ve been meaning to get that leaky roof fixed for years now, by all means - get going.

Debt Consolidation

Drowning in debt? You could be looking at the picture all wrong. There’s money in your home. By making use of a GET Acceptance second mortgage you can deal with all the credit cards, retail accounts, car payments, and other high-interest debts that have been haunting you. The rates on a second mortgage from GET Acceptance will most likely be less than the interest rates of credit cards – by up to 10%. That is significant savings in the long run. Additionally, one payment on a second mortgage is easier than paying several credit cards to separate mortgage brokers.

A second mortgage from GET Acceptance can help you reduce credit card debt payments, by spreading them out over an extended time. A Vancouver second mortgage broker will work with you to determine the best course of action.

Vacation

Some Vancouver GET Acceptance clients have taken out a second mortgage on their home to take a break. Stepping off the treadmill for a week or two can sometimes be the best possible thing for your mental and physical well-being. Others opt on an exotic journey overseas. Whatever the reason for your departure, a GET Acceptance vacation mortgage is a way to get the money you’ll need.

Other uses of a Vancouver second mortgage

The GET Acceptance second mortgage could be your opportunity to host an amazing wedding, or pay for someone’s education. Maybe it’s time for a new car or maybe just a slush fund for a rainy day. GET Acceptance mortgage brokers in Vancouver will help you find ways to capitalize on the equity available to you.

Contact GET Acceptance today to find out how to best make use of the equity in your Vancouver home.

Click here to see other types of Vancouver mortgages that are available.

If you are not located in Vancouver, click here to see the other cities that we offer BC Mortgages.