Who Are Commercial Loans Best For?
These loans are great for business owners and property investors who want to use equity from their property to get cash out.
How Do 2nd Mortgages Work?
Our 2nd Mortgages are backed by a boutique or private lenders. Our 2nd mortgage can can have a loan term from 6 months to 3 years.
What Are The Qualifications For A 2nd Mortgage
To qualify for a 2nd mortgage, you'll need:
- A Minimum FICO score of 500
- A business or investment property.
- 35% Equity in the subject property
- General minimum 3% – 3.5% down payment
2 Mortgage Benefits
- Keep your current 1st mortgage intact
- Get cashout fast
2nd Mortgage Property Requirements
- Your loan can't exceed 65% of the value of the property
- The property must be an Investment Property -or- a Primary Residence can be used if the loan is for business purposes.
- Eligible property types include: Condos, Townhomes, Single Family Homes, Apartments, and Commercial Buildings